Quotes IQ Workflow Guide

What to Prepare

Confirm the scope and review responsibilities with your team, then gather the relevant approved material.

The approved account documents and requested coverages.
Current schedules and relevant new business or renewal information.
The returned quote documents to compare, when available.
Your comparison fields, reviewer, and follow-up requirements.

Follow the Workflow

Collect

Provide the applications, schedules, and account information. Gather approved documents and identify the information needed for the quoting workflow.

Prepare

Structure the quote request and identify missing details. Keep the requested coverages, limits, and submission requirements clear for review.

Compare

Organize returned quotes and highlight differences in terms. Compare supplied premiums, deductibles, limits, conditions, and exclusions with their source wording.

Review

Verify the comparison and resolve outstanding questions. Insurance professionals check the summary and clarify differences before advising on the available options.

Handoff

Prepare the reviewed summary for the next authorized action. Authorized professionals make placement and binding decisions using the reviewed information.

Review Checklist

Confirm that submission information reflects the current request.
Identify missing account or coverage details.
Compare premiums, limits, deductibles, and supplied terms.
Review conditions and exclusions in the original wording.
Keep unanswered questions visible in the summary.
Obtain the required review before the next authorized action.

Common Exceptions

Quotes describe different requested scopes

Clarify the scope before presenting the options as directly comparable.

A term is not found in a supplied quote

Record the gap and obtain clarification rather than treating it as a confirmed absence.

A placement or binding decision is needed

Refer the decision to the authorized insurance professional.

Expected Output

An organized submission or reviewed quote comparison with source context and outstanding questions identified.

Confirm before acting.

Verify critical details against the source and complete the approvals required by your organization. The output should reflect what has been reviewed and what still needs attention.

Discuss Your Quotes IQ Workflow

Bring representative examples and your current checklist to the Acord AI team.

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Quotes IQ

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Getting Started with
‍Quotes IQ

Quotes IQ

Bring Your Workflow.
‍We’ll Help Define the Next Step.

Getting Started with‍Quotes IQ

What to Prepare

Follow the Workflow

Review Checklist

Common Exceptions

Quotes describe different requested scopes

Clarify the scope before presenting the options as directly comparable.

A term is not found in a supplied quote

Record the gap and obtain clarification rather than treating it as a confirmed absence.

A placement or binding decision is needed

Refer the decision to the authorized insurance professional.

Expected Output

Confirm before acting.

Verify critical details against the source and complete the approvals required by your organization. The output should reflect what has been reviewed and what still needs attention.

Discuss Your Quotes IQ Workflow

Bring representative examples and your current checklist to the Acord AI team.

Quotes IQ

Bring Your Workflow.‍We’ll Help Define the Next Step.

Getting Started with
‍Quotes IQ

Bring Your Workflow.
‍We’ll Help Define the Next Step.