Getting Started with Momentum Rate!

Purpose and Core Function

• Commercial Quoting: Quote multiple commercial carriers from a single form — no more duplicate entry across portals.

• Efficiency: Get instant rate comparisons with access to both carrier and wholesale markets.

• Scope: Supports a wide range of commercial insurance types, including Commercial Auto, General Liability, Workers’ Compensation, Business Owner’s Policy (BOP), and more.

Key Capabilities and Features

• Excess & Surplus (E&S) Access: Momentum Rate! integrates with partner networks to provide access to specialty and hard-to-place risks. For example, Diamondback Insurance Agency (an MGA available within the Momentum AMP platform) offers trucking, contractors, hospitality, habitational, cannabis, and other specialty market access.

• Appointment-Independent Quoting: Through the Momentum Insurance Network, agencies can quote markets without needing direct carrier appointments.

How Momentum Rate! Works

Momentum Rate! integrates directly with Quotelinq/Ratelinq intake forms for both Commercial and Personal Lines.

Step 1 – Access the Quoting Interface

• From the left navigation menu in Momentum AMS, go to Momentum AMP > Momentum CL Rating.

• Select the Quotelinq tab.

• Choose Commercial Lines Forms or Personal Lines Forms.

Step 2 – Data Collection and Prefill

• Select the appropriate form (General Liability, Workers’ Comp, BOP, etc.).

• Prefill data from an existing insured record or policy (especially useful for renewals).

• Generate a shareable link to send to the insured so they can complete missing information online.

Step 3 – Submission and Record Creation

• Submit the completed form through Momentum Rate!.

• Receive real-time quotes from carriers and MGAs.

• A Prospect and Policy record is created automatically in Momentum AMS (or updated if the client already exists).

Quoting and Binding Workflow

Momentum Rate! supports the entire Quote / Rate / Bind process, including:

• Information Gathering: Collect customer details and coverage requirements.

• Policy Eligibility: Review carrier underwriting guidelines and appetite.

• Carrier Research: Compare carrier appetites, appointments, and minimum premiums.

• Policy Proposal Creation: Generate proposals with coverage options and premiums.

• Quote Explanation & Binding: Present options, answer questions, and confirm binding.

• Compliance Checks: Verify regulatory requirements and address potential gaps.

• Documentation & Audit Trail: Maintain records of disclosures, forms, and communication.

• Form Completion & Verification: Ensure all carrier/state forms are completed and signed.

Integrated Tools and Support

• Momentum Toolbox: Enhances quoting with features like Risk Appetite matching, NAIC Classification lookup, and VIN-based vehicle prefill.

• Momentum University: Training resources and live demos are available to help you and your team master Momentum Rate!.

Why Use Momentum Rate!

• Faster quoting with fewer keystrokes.

• Access to both admitted and non-admitted markets.

• Built-in support for renewals and new business.

• Automatic integration with Momentum AMS for accurate recordkeeping.

Next Steps

Schedule a Demo / View More Details