QUOTE & BIND
From Submission to Settlement
Quote & Bind is Skytek’s configurable digital insurance platform for insurers and MGAs, designed to streamline underwriting, automate policy administration and manage claims throughout the insurance lifecycle.
The platform can operate as a complete solution or integrate with existing systems, allowing clients to automate workflows while retaining their own underwriting rules, processes and authorities.
Underwriting
Smarter, Faster Underwriting
Quote & Bind provides a structured environment for managing submissions, assessing risk and progressing business from initial enquiry through to underwriting decision.
Configurable workflows, checklists, document management, reporting and integrated data help underwriters make informed decisions while reducing manual administration.
The platform can support:
- Submission management
- Checklists
- Reporting
- Risk Assessment
- Document management
- Integrated risk data
- Underwriting workflows
- Referrals and approvals
Quote & Bind can also integrate with third-party or capacity-provider platforms through APIs.
Manage Submissions. Assess Risk. Make Better Underwriting Decisions.
Quote & Bind
Turn Underwriting Decisions Into Cover
- Rating & pricing
- Quotations
- Referral and approval controls
- Binding
- Policy documentation
- Amendments
- Endorsements
- Renewals
Quote & Bind manages the policy lifecycle from quotation and binding through amendments and renewal.
Underwriting rules, rating and real-time risk information can be incorporated directly into the process, enabling faster transactions while maintaining the insurer’s own pricing, authority and referral controls.
For products linked to asset movement or location, ongoing monitoring can also identify policy or geographical breaches after cover is bound.
Quote. Bind. Monitor.
Policy Management
Manage the Policy Throughout Its Lifecycle
Quote & Bind provides a structured environment for managing policies after cover is bound.
Policy teams can manage amendments, endorsements, documentation and renewals within the same platform, maintaining a clear record of activity throughout the policy lifecycle.
Where relevant, real-time risk information can continue to support ongoing monitoring of insured assets and exposures.
Amendments
Mid-term changes captured against the policy record.
Endorsements
Issued and documented within the same environment.
Documentation
Policy documents generated and stored against the risk.
Renewals
Renewal activity tracked with full history retained.
Ongoing monitoring
Real-time risk information continues to support insured assets and exposures after binding.
Claims Management
Manage the Claim From First Notification to Settlement
Quote & Bind provides a structured digital workflow for managing claims from First Notification of Loss (FNOL) through investigation, financial management and settlement.
Policy and underwriting information can remain connected to the claim within the same environment, giving claims teams greater visibility from the point of notification through to settlement. Configurable workflows allow clients to retain their own claims processes, authorities and approval structures.
STEP 01
FNOL
STEP 02
Investigation
STEP 03
Financial Management
STEP 04
Settlement
One Claim File. One Workflow. Complete Visibility.
CONFIGURATION
Configured Around Your Business
Quote & Bind is designed to reflect the way each insurer or MGA operates. Clients can configure underwriting rules, workflows, rating, authorities, referrals, approvals and reporting requirements around their own business processes.
The platform can operate as a complete solution or integrate with existing systems and third-party platforms through APIs.
This allows clients to automate key processes while retaining control over how business is underwritten, managed and settled.
Quote & Bind
Internal systems
via APIs
Third-party data
real-time risk
Capacity providers
platform integration
From Submission to Settlement
Quote & Bind brings underwriting, policy administration and claims management together within one configurable platform.
01
Submission
Manage incoming business and supporting information.
02
Underwriting
Assess risk and apply underwriting rules and authorities.
03
Quote
Generate pricing and terms.
04
Bind
Confirm cover and issue policy documentation.
05
Manage
Handle amendments, endorsements and renewals.
06
Claim
Manage FNOL, investigation, financials and approvals.
07
Settle
Progress the claim through to settlement.
One Platform Across the Insurance Lifecycle
Quote & Bind helps insurers and MGAs streamline underwriting, automate policy administration and manage claims within a single configurable environment.
Use the platform as a complete solution or integrate it with existing systems while retaining your own underwriting rules, processes and authorities.