Releases C-Q Elements
February 1, 2019
C-Quence, the InsurTech
MGA, has gone live with its underwriting platform, C-Q Elements, and the
release of its Management Liability product ML5.
The technology platform, designed and built by C-Quence , makes it easy
for brokers to deliver sophisticated commercial insurance solutions
quickly, at lower cost and with enhanced levels of service compared to
C-Q Elements features, for example, use of high quality third party
data, a significantly reduced question set for quotes and underwriting
with automated pre-bind “Know Your Customer” compliance (PEPs and
Improved underwriting tools means that if a risk falls outside the
automated process, system-driven referral recommendations reduce
administrative overheads and speeds up underwriting decisions.
ML5is a modular product which lets brokers combine Management Liability
cover with up to four other covers and tailor options within each module
to suit the needs of their customers.Sophisticated automated document
construction tailors policies for individual clients and can seamlessly
integrate endorsements into the policy wording. Short, clear, simple
wordings also makes the policy easy to read and understand.
McNamee, CEO of C-Quence commented, “Having started on 1stMarch last
year I am proud with what our talented team have achieved in such a
short space of time.
“The speed at which we have achieved our first major goal gives me great
confidence that we will grow the business rapidly in 2019, delivering a
Property and Casualty suite along similar lines to ML5 and continually
improve the broker experience with C-Q Elements.
“I am extremely grateful to the broking firms that helped us develop C-Q
Elements. Their pre-release testing and positive feedback was key to
delivering a trading platform that effectively meets broker needs. We
believe it sets a new industry standard for underwriting service.”