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 […]
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 […]
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 […]
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, […]
How to choose insurance policy software for MGAs?
If you’re looking to digitise some or all your insurance processes, then it can be difficult to know where to start. Insurance policy software has exploded in recent years, as MGAs and insurance companies have aimed to streamline how they work, improve the customer experience, and find operational efficiencies. But understanding your options and deciding […]
Automated Underwriting for MGAs: 5 Reasons Why You Should Invest
Deciding between manual underwriting vs. automated underwriting is a significant challenge for MGAs. But the benefits of introducing an automated underwriting system are now undeniable. An effective underwriting function is critical to success as an MGA. Accurately deciding whether you can write a policy, and for how much, ensures that you won’t face excessive claims […]
Brokers Are Still Indispensable for MGAs
Many have predicted the demise of insurance brokers, as various innovative insurtechs have tried to cut them out of the value chain. For MGAs, digitisation has expanded the distribution landscape, including selling direct, and through embedded insurance solutions. Yet, despite these channels being more accessible, brokers are stronger than ever. The truth is that brokers […]
Customer Story: Accelerate Underwriting developed a lucrative niche MGA with Insly
Accelerate Underwriting Ltd was founded in 2015 by Scott Brown. Previously, Scott had worked in the MGA industry for many years. He then had the vision to create his own company, moving away from the traditional MGA model (consisting of MGA presentations submitted to insurers) to an exclusively online model where brokers could transact more […]
Insly Year in Review 2022
2022 was an exciting year for Insly; we released a string of new system updates, showcased our low/no-code tools at several high-profile industry events, and gained new clients from a range of insurance service providers – including MGAs. In this Insly Year in Review article, we will run through some of our key achievements from […]
How Integrations Help Insurance Product Distribution
Our previous post talked about integrations in underwriting and insurance product building. This time, we’ll take a look at how integrations can help Brokers, Insurers, and MGAs in insurance product distribution. Insurance distribution can mean selling products directly to end customers or using intermediaries. Either way, it requires the capability to deliver insurance products through […]