Algorithm-Driven Quoting Solutions
Aggregating and analysing data across diverse territories is complex, requiring specialised tools for accurate decision-making and quoting. As a multinational tool, PQP provides the consistency and accuracy clients expect across regions, empowering (re)insurers, brokers, captives, and MGAs with tailored premium quoting solutions.
What PQP does?
At PQP, we take inputs → add real time territory rules → process the data in our algorithm ("PQP's engine") → deliver itemised outputs, and provide results with a simple explainable diagram.
Deliverables & Modules
We accurately work the right order of operations for the fronting economics, distribution, statutory charges (IPT/WHT/levies/para-fiscal), reinsurance, FX/rounding, and evidence vault.
Outputs & Compliance
Standard or Bespoke Outputs: Local invoices, CMP roll-up, payables schedule, and audit trail for all stakeholders: (re)insurers, brokers, MGAs, and captives. Compliance with local regulations for every single leg. So pricing, reinsurance, and compliance line up from the start.
Security
PQP “locks up” all the information with a secret code so no one can read it unless they have the key — Data encryption, RBAC (Role-Based Access Control), no PII (No Personally Identifiable Information), and ruleset versioning.
Premium Quoting Pro Solutions
PQP offers algorithm-driven and real-time data for precise and reliable solutions designed for accuracy and compliance in the insurance landscape.
Innovative
PQP revolutionizes the premium quoting process by integrating cutting-edge technology and automation. It empowers its clients to:
Simplify complexity: Streamline MIP, Multinational Insurance Program quotes, breaking down barriers in global coverage.
Enhance efficiency: Deliver faster quotes, reducing turnaround times and unlocking growth opportunities.
Drive competitive advantage: Leverage advanced algorithms and data analytics to provide modern, future-proof solutions.
Example: By automating multi-country premium allocation, PQP eliminates manual inefficiencies and allows users to focus on strategic decision-making rather than repetitive processes.
Accurate
PQP ensures precision in premium calculations, offering a high degree of reliability and trust for its users, enabling them to:
Align: Use robust algorithms and data validation checks to reduce human errors in premium quoting, eliminating errors.
Transparent outputs: Provide detailed, consistent, reproducible premium breakdowns across various jurisdictions.
Informed decision-making: Equip users with precise insights into premiums, taxes, fees, and allocations for every program.
Example: PQP’s ability to generate precise country-level allocations and taxes ensures accurate global insurance programs without room for discrepancies.
PQP keeps clients aligned with regulatory requirements and standards across jurisdictions. It supports:
Local regulations: Automatically factors in country-specific compliance requirements (e.g., taxes, levies, and fees).
Audit-ready documentation: Provides transparent and compliant outputs for internal and external scrutiny.
Trust-building: Enhances client confidence by showcasing a commitment to meeting regulatory obligations in every region.
Example: A reinsurer using PQP can rest assured that the premium quotes generated for a global insurance program comply with every local tax law and regulatory framework, reducing exposure to potential liabilities.
Compliant
