No-Code and Low-Code Insurance Software Providers for MGAs

 

All No-Code and Low-Code Solutions Are Not Cut from the Same Stone 

As we have previously written, no-code and low-code solutions are making their way in insurance to help underwriters rapidly launch new insurance products, adapt to changing market conditions and provide flexibility in connecting to other IT systems. 

Since the no-code and low-code approach has not become the industry standard yet, good solutions might be hard to track down for MGAs. Therefore, we’re happy to share some software providers we have come across that fit the bill.
Comparing software providers 

Comparison of No-Code and Low-Code Software Providers 

We prepared a brief comparison of insurance software providers for MGAs based on the most common functionalities:

  • quote and bind; 
  • risk bordereau; 
  • premium accounting; 
  • claims. 

    Provider

    Quote & Bind

    Risk Bordereau

    Premium Accounting

    Claims

    360Globalnet

    -

    -

    -

    Yes

    Artificial

    Yes

    Yes

    -

    -

    Aventus

    Yes

    Yes

    Yes

    -

    Evari

    Yes

    Yes

     

     

    Insly

    Yes

    Yes

    Yes

    Yes*

    Instanda

    Yes

    Yes

    -

    -

    Kasko

    Yes

    Yes

    -

    Yes*

    Majesco

    Yes

     

    Yes

    Yes

    Protosure

    Yes

    Yes

    -

    -

    Unqork

    Yes

     

     

    Yes


The table is based on competitor website research only. We do not wish to make arguments which are “true no-code and which are low-code platforms. For this overview, all selected companies provide rapidly implementable and modular API-driven software.  
*FNOL and claim reporting only Platforms with full-cycle claims workflow management are labeled “yes”, “-” stands for no information. 
 
Not all providers offer the same functionality and may not fully cover your business needsSo, make sure you read our blog post on useful tips to consider when buying software for your MGA. 
 We want to keep updating this list as more exciting solutions come to the market. If you know any insurance software provider that should be added to the list, please let us know 
If your company is included, but we have not mentioned a certain functionality category, drop us a line. 

 

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