MGAs
Insurer
Broker
Top 10 most innovative MGAs in France
The French insurance sector has fully embraced the MGA model in recent years, as a way for insurers and reinsurers to cater to new risks, reach new markets, and drive new revenue streams. While the French MGA market is less evolved than the UK and US, it is rapidly catching up, and a wave of […]
Top 10 Most Innovative MGAs in the UK
The UK MGA sector is one of the most advanced in the world, boasting over 300 businesses, which currently underwrite over 10% of the country’s £47 billion general insurance premiums. Inspired by the rapidly evolving risk landscape and the power of new technologies, new MGAs are constantly emerging to fill gaps in the market. At […]
Top 10 most innovative MGAs in Canada
Canada’s MGA sector is growing fast, as customers seek targeted and niche cover to protect them from evolving risks. There are now more than 80 MGAs across the country, and in commercial lines, they make up around 10% of gross written premium. Plus, there is still huge potential for innovation and growth, with predictions that […]
Australian Underwriting Agencies: Market Outlook
Australian underwriting agencies – like MGAs in the UK – have complex operational, accounting, and reporting needs, which are distinct from brokers and insurers. They need a technology platform with the flexibility, functionality, and data capacity to enable profitability and growth. Underwriting agencies play a critical role in the Australian insurance market, enabling customers to […]
Generative AI in insurance: Building a long-term strategy
Generative AI has the power to transform insurance, but companies must consider their strategy carefully to navigate data protection hurdles, build a trusted AI model, and create a culture of collaboration between AI talent and insurance experts. Since ChatGPT burst onto the scene in 2022, thought leaders and commentators have gone into overdrive about the […]
Top five most innovative, digital underwriting agencies in Australia
As Australia’s underwriting agency sector goes from strength to strength, there are significant opportunities to grab market share through greater digitisation and integration of emerging technologies. Here we profile five underwriting agencies that are leading the charge for digital disruption. Underwriting agencies in Australia are an increasingly powerful force. At the end of 2022, The Underwriting […]
Insly in 2023: Highlights of the year
Happy New Year from the Insly team! As we kick off 2024, we wanted to take a moment to look back over the highlights of the last 12 months, both for Insly as a business and on our popular blog. We made some huge steps forward in our mission to revolutionise the insurance industry in […]
Insly Unveils AI-powered Product Builder for Rapid, Effortless Onboarding
Insly’s Innovation Lab is developing an AI-powered product builder, to be released in 2024, which will significantly speed up implementation. Watch a video demo with our CEO, Risto Rossar below: Artificial intelligence (AI), specifically large language models (LLMs) and generative AI have been the buzzwords of the year, and we’re working hard to give our […]
Customer Story: Insly helps Ridge Canada deliver data-powered cyber insurance
When Ridge Canada wanted to enhance decision-making, scale its operations, and better support its brokers and end clients, it chose Insly due to its flexibility, data management capability and specialist insurance expertise. With three products now built on Insly, Ridge can bind its specialist cover in just ten minutes, and the business is growing fast, […]
Artificial intelligence in insurance underwriting – a revolution is underway
Underwriters are at the heart of any insurance business. Their ability to assess risk accurately based on a wide variety of information is critical to product innovation, effective pricing, and ultimately whether a business can make a profit in an increasingly competitive market. Consequently, insurance companies are always striving to optimise their underwriting processes, in […]
