Frequently Asked Questions
Welcome to the SelectsysTech FAQs page. Here, you’ll find answers to frequently asked questions about our cutting-edge technology solutions for the insurance industry. From our RQB platform to AI-powered OCR and Insurance management systems, we provide detailed information to help you understand how our solutions can optimize your insurance operations. If your question isn’t covered here, please reach out to our support team for more information.
Selectsys Tech provides advanced technology solutions for the insurance industry, including digital platforms for rate, quote, and bind (RQB), AI-powered OCR for data extraction, and comprehensive management systems like Selectsys Max and Hub to optimize underwriting, claims, and policy processes.
Selectsys Tech enhances insurance operations by offering a suite of digital tools that automate workflows, improve underwriting precision, and streamline policy management. Our solutions reduce manual effort, increase efficiency, and provide real-time data insights, enabling insurers to operate more effectively and profitably.
Our ideal clients include insurance carriers, managing general agents (MGAs), wholesalers, and other insurance entities seeking to modernize their operations, improve data accuracy, and reduce processing times through innovative technology solutions.
Selectsys Tech differentiates itself by combining deep industry expertise with cutting-edge technology. Our platforms are highly configurable and designed to integrate seamlessly with existing systems, ensuring a smooth transition to digital operations. We focus on providing user-friendly, scalable, and cost-effective solutions tailored to the unique needs of the insurance industry.
Selectsys Tech serves the insurance industry, specifically focusing on property and casualty (P&C) insurance, and other specialty lines. We provide technology solutions to carriers, MGAs, and wholesalers across various lines of business, including General Liability, Workers’ Compensation, Homeowners, Cyber, and Commercial Auto.
At Selectsys Tech, we prioritize data security and compliance. We utilize advanced encryption, secure cloud storage, and stringent access controls to protect client data. Our platforms are built to comply with industry regulations, ensuring that all data handling and processing meet the highest security standards.
Selectsys Tech helps insurance companies save time and reduce costs by automating manual tasks, streamlining workflows, and improving data accuracy. Our solutions, such as the RQB platform and AI-powered OCR, reduce processing times, minimize errors, and enable faster decision-making, leading to significant operational savings.
Selectsys Tech utilizes advanced technologies, including AI-driven data extraction (OCR), real-time data analytics, machine learning algorithms for risk assessment, and cloud-based platforms for secure and scalable operations. These technologies help our clients optimize their workflows and improve overall efficiency.
Yes, Selectsys Tech offers seamless integration with a wide range of third-party systems, including agency management systems, data providers, and APIs like TensorFlight, CoreLogic, and Google APIs. Our solutions are designed to be flexible and adaptable, ensuring compatibility with existing client infrastructure.
Selectsys Tech provides comprehensive customer support, including dedicated account managers, 24/7 technical support, and multiple channels of communication (phone, email, chat). We are committed to ensuring that our clients have all the assistance they need to make the most of our technology solutions.
Selectsys Tech improves underwriting accuracy by providing tools such as AI-powered OCR for precise data extraction, automated risk assessment modules, and real-time data analytics. These solutions enhance data quality, reduce errors, and enable more informed decision-making.
Yes, Selectsys Tech solutions are highly customizable to meet the specific needs of each client. We work closely with our clients to understand their unique requirements and develop tailored solutions that optimize their operations and improve overall performance.
Potential clients can get started with Selectsys Tech by visiting our website at www.selectsystech.com or contacting us directly at info@selectsystech.com. Our team is ready to provide consultations and explore how our technology solutions can meet your business needs.
The RQB platform by Selectsys Tech offers significant benefits, including real-time quoting and binding, automated workflows, faster processing times, reduced errors, and improved overall efficiency. It helps insurance companies streamline their operations and deliver superior customer experiences.
Selectsys Tech envisions a future where insurance operations are fully digital, data-driven, and customer-centric. We are committed to leading this transformation by providing innovative technology solutions that empower our clients to thrive in an ever-evolving market.
The RQB (Rate, Quote, and Bind) platform is a cutting-edge solution designed by Selectsys Tech to streamline the underwriting process for Cyber and Technology Errors & Omissions (Tech E&O) insurance. It integrates directly with leading carriers, providing real-time data exchange, automated compliance checks, and customizable workflows to enhance efficiency and accuracy.
The RQB Platform offers several key benefits:
- Improved Speed and Efficiency: Automates processes to reduce the time taken for quoting and binding policies.
- Enhanced Accuracy: Minimizes manual errors through automated data integration and compliance checks.
- Greater Market Access: Provides access to multiple carrier markets from a single interface.
- Increased Client Satisfaction: Faster and more accurate quoting improves client retention and satisfaction.
The platform integrates with various carriers through robust APIs, including:
- Cyber Carriers: At-Bay, Beazley, CFC, Coalition, Corvus, Cowbell, Elpha Secure, TMHCC, Travelers, Measured.
- Tech E&O Carriers: CFC, Coalition, Corvus.
Underwriter Link is a comprehensive platform designed to streamline the underwriting process for Workers' Comp and GL insurance. It integrates multiple carriers into a single platform, automates key processes, and provides advanced analytics and compliance tools to improve efficiency, accuracy, and compliance.
The main benefits include:
- Increased Efficiency: Centralized access and automated processes reduce the time and effort required to manage policies.
- Improved Risk Assessment: Advanced analytics provide deeper insights into risks.
- Enhanced Compliance: Automated checks ensure alignment with industry regulations.
- Greater Flexibility: Customizable dashboards and workflows allow for tailored user experiences.
- Workers' Comp Carriers: Accident Insurance Company, National Liability & Fire Insurance Company, MidSouth Mutual Insurance Company, Accredited Surety and Casualty Company, PIE Insurance, AmTrust Financial, Employers, Cerity, Guard.
- GL Carriers: Clear Blue Specialty Insurance Company (CBSIC), American Builders Insurance Company, Accredited Specialty Insurance Company, Global Indemnity, LIO Specialty Insurance Company, Crum and Forster, Markel, Nautilus, North East Coverage Solutions, LLOYDS, United National, Imperium Insurance Company.
Selectsys Tech's platforms, such as the RQB Platform and Underwriter Link, include integrated compliance tools that automatically check for adherence to current regulatory standards, reducing the risk of errors and potential penalties.
Yes, both the RQB Platform and Underwriter Link offer customizable workflows and dashboards, allowing you to tailor the platform to your unique underwriting processes and requirements.
To learn more about how our platforms can transform your underwriting operations, you can contact us directly to schedule a demo or speak with one of our experts.
Underwriter Link is an automated platform designed to streamline the underwriting process across multiple lines of business, including General Liability, Workers' Compensation, Cyber, Property, and more. It integrates with carrier systems, agency management systems, and supports real-time quoting and binding.
Underwriter Link supports various lines of business, including General Liability, Workers' Compensation, Cyber Insurance, Tech E&O, Commercial Property, Flood Insurance, Excess Monoline, Asset Guard, and Motor Truck Cargo.
Underwriter Link automates the submission process, reducing manual data entry by pushing information directly into carrier and agency management systems. It enables real-time quoting, binding, and policy issuance with minimal manual intervention.
Yes, Underwriter Link integrates with a wide range of carriers across different LOBs, including major carriers like Liberty Mutual, Travelers, Beazley, The Hartford, and more. It ensures real-time connectivity through API integrations and NetRate for seamless data exchange.
With Underwriter Link, underwriters can quote and bind policies in less than 3 minutes for most LOBs. The platform’s real-time integration with carriers ensures quick responses and efficient policy issuance.
Yes, Underwriter Link offers customizable workflow management, allowing underwriters to tailor their processes for each specific line of business, optimizing operational efficiency and accuracy.
Yes, the platform includes automated compliance tools that ensure all quotes and policies adhere to current regulatory standards, reducing the risk of errors and penalties.
By providing faster quoting and binding processes, reducing errors, and offering more coverage options through its carrier integrations, Underwriter Link enhances the overall client experience and increases retention rates.
Wholesalers benefit from Underwriter Link through faster processing times, increased accuracy, seamless integration with multiple carriers, and improved market access. This helps wholesalers scale their business and better serve their clients.
The platform automates data entry and exchange between carrier systems and agency management systems, minimizing manual input errors and ensuring consistent and accurate information throughout the underwriting process.
Yes, Underwriter Link integrates with most major agency management systems and platforms like ImageRight for submission clearance, document management, and workflow automation.
Underwriter Link integrates with a wide range of carriers across various LOBs. Some of the key carriers include Liberty Mutual, The Hartford, AmTrust, Beazley, and others, depending on the line of business.
Have More Questions?
You can submit your question or request by emailing us at sales@selectsystech.com. Please provide as many details as possible so we can assist you effectively.