FOSTER CITY, Calif.,
Dec. 12, 2019 /PRNewswire/
-- QuinStreet, Inc., (Nasdaq: QNST) a leader in performance
marketplace products and technologies, announced today the launch
of its QuinStreet Rating Platform (QRP), a groundbreaking and
intuitive rating platform that empowers insurance agencies to
better service customers while making their jobs easier to
manage.
QRP is designed to solve a pain point in the insurance
marketplace. Previously, insurance agents might use up to three
different systems to gather quotes for one prospective
customer. While a workable solution a decade ago, today's
large agencies rely on call centers staffed by hundreds of agents,
who still use siloed platforms to deliver quotes to countless
callers daily. Juggling between systems that don't communicate well
is problematic, leading to missed opportunities for agencies, while
consumers endure long phone wait times.
Created to solve these inefficiencies in the current insurance
market, the QRP solution allows agents to manage their entire
workflow in one place, with one centralized platform that is
scalable. It uniquely enables insurance agents
to pull real-time rates from major carriers and permits
them to bind policies seamlessly. This significantly speeds up the
sales process and provides better, faster service for
consumers. It's also adaptable, able to connect with other
third-party customer relationship management (CRM) software, while
also able to support customer acquisition and leads.
Insurance agencies can use QRP to obtain a bird's-eye view
of their agent's day-to-day business, longer-term
goals, and individual staff activities. Other features include:
- Direct integrations with full bind experience
- Real-time reporting and a customizable user experience
- Customizable content management and carrier management
For carriers, QRP offers a streamlined and direct relationship
with insurance agencies in one place, with a one-stop-shop for
compliance, profitability insights and other critical information.
Most of all, QRP offers as many insights as those commonly offered
to agents. Rather than being reactionary, carriers are now able to
respond to issues in real time, with data. Benefits include:
- Decreased call handling time
- Customized product pricing and media performance reports
- A single place for managing underwriting rules
- Access to segmentation data
Building QRP involved leveraging QuinStreet's existing carrier
integration APIs and management dashboard. At launch, QRP is
available for auto insurance, and QuinStreet will roll out
homeowners and renters' insurance soon.
"QRP is the culmination of so much of the work we've done
helping insurers, carriers and consumers communicate and find each
other, in an even more streamlined way," explains Doug Valenti, QuinStreet's chief executive
officer. "We are proud of this solution and hopeful that breaking
the silo of information and products will result in better working
environments and results for every agent and carrier who uses our
product."
While new, QRP is already receiving positive reviews. "QRP
represents a major advance in delivering timely and accurate
information to agents and consumers," notes Craig Lozofsky, an
insurance industry management consultant. "QRP has the potential to
revolutionize rate quoting for insurance agents and carriers while
benefiting their customers." QRP has integrations with the top
independent agent carriers in the United
States.
More information on pricing and other details can be found by
reaching out to the QRP business development team at:
https://www.quinstreet.com/our-products/
About QuinStreet, Inc.
QuinStreet, Inc. (Nasdaq: QNST)
is a pioneer in delivering online marketplace solutions to match
searchers with brands in digital media. QuinStreet is committed to
providing consumers and businesses with the information and tools
they need to research, find and select the products and brands that
meet their needs.
Legal Notice Regarding Forward Looking Statements
This
press release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934 that
involve risks and uncertainties. Words such as "estimate", "will",
"believe", "expect", "intend", "outlook", "potential" and similar
expressions are intended to identify forward-looking statements.
These forward-looking statements include statements regarding the
anticipated success of the launch of QRP and the statements in
quotations in this press release. The Company's actual results may
differ materially from those anticipated in these forward-looking
statements. Factors that may contribute to such differences
include, but are not limited to: the ability of QRP to successfully
service customers; our ability to attract and retain customers to
use QRP; the ability of QRP data to provide meaningful benefits to
agencies and carriers; our ability to expand the QRP launch to
homeowners and renters' insurance or other prospective customers;
the ability of QRP to result in better working environments and
results for agents and carriers; customer reviews of QRP, including
any related publicity from customers; the ability of QRP to
successfully onboard new agencies and efficiently integrate them
into the agent-carrier relationship; changes in the economic
condition, market dynamics, regulatory enforcement or legislative
environment; competitive dynamics in our industry; our ability to
manage cyber security risks and costs associated with maintaining a
robust security infrastructure; and our ability to develop new QRP
services, enhancements and features to meet new demands from our
customers. Forward-looking statements in our public releases may
also include statements regarding the Company's anticipated
financial results, growth and strategic and operational plans and
expectations. More information about potential factors that could
affect the Company's business and financial results are contained
in the Company's annual report on Form 10-K and quarterly reports
on Form 10-Q as filed with the Securities and Exchange Commission
("SEC"), including the Company's quarterly report on Form 10-Q for
the quarter ended September 30, 2019
filed with the SEC. The Company does not intend and undertakes no
duty to release publicly any updates or revisions to any
forward-looking statements contained herein except as required by
law.
Website: https://quinstreet.com
Twitter: @QuinStreet
LinkedIn: https://www.linkedin.com/company/quinstreet
Media Contact
Liberty Communications for
QuinStreet
Rick Judge, 415-429-5652
QuinStreet@libertycomms.com
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SOURCE QuinStreet, Inc.