California Flood Insurance

The Challenge

California flood agents face a question that never goes away: which carrier, at which price? NFIP or private flood? Each carrier asks different questions, uses different forms, and rates the same property differently. Before H2Quoter, answering meant pulling rates from multiple carriers by hand, copying property data into each one, and comparing results in a spreadsheet while the prospect waited.

As submission volume grew, that manual comparison became the bottleneck. Quote turnaround drives agent appointments, and every day spent shopping rates by hand was a day the competition spent binding business.

The Solution: H2Quoter, a Comparative Rater for Flood

H2Quoter is California Flood Insurance's flood insurance comparative rater, built with Magnum Software Services on the InsuranceClouds platform. An agent submits one application. H2Quoter maps that single submission to each carrier's format, rates private flood markets and NFIP simultaneously, and returns quotes side by side so the agent and the property owner can compare coverage and price honestly, in one screen.

For most risks, no human touches the file at all. Straight-through processing takes a submitted application through rating, underwriting rules, document generation, and delivery, so a quote can become an issued policy automatically, in about an hour from start to finish.

One Unified API Across the Full Policy Lifecycle

Quoting is only the front door. Magnum Software Services built a unified API that capitalizes on the H2Quoter comparative rater and carries the policy through its entire life from a single integration point:

• Quoting and binding: live comparative rates from every connected carrier, straight into the application that binds the business.
• MTA endorsements: mid-term adjustments (value changes, coverage updates, address and occupancy changes) re-rated through the same comparative engine, so the policy stays correctly priced between renewals.
• Reinstatements: lapsed or cancelled policies put back in force without rebuilding the file from scratch.
• Cancellations: pro-rata and flat cancellation handling with carrier-specific rules applied automatically.
• Renewals: renewal quotes re-run through the rater each term so the policy is re-compared against the market, not just rolled over blind.

One integration serves the agent portal, the agency management workflow, and the carrier connections underneath, replacing a patchwork of per-carrier processes that used to require a specialist for each one.

The Results

Quote-to-bind time collapsed from days to about one hour for straight-through cases, and the small team doubled the submission volume it could handle without adding staff. Because most quotes never need human intervention, underwriters now spend their time on the genuinely complex risks instead of re-keying data between systems. And with new business, MTAs, reinstatements, cancellations, and renewals all running through one platform, the errors that used to come from handoffs between systems essentially disappeared.

"With H2Quoter, quotes go through to policy automatically, and the whole lifecycle (endorsements, renewals, everything) runs through one system." - Aaron Farmer, California Flood Insurance