MGAs
Insurer
Broker
Unlocking Efficiency: Why Modern Insurance Software is Key to Business Growth
Have you ever noticed how many different software tools you use at your insurance operations? As technology rapidly evolves, insurers, MGAs, and brokers have invested heavily in new software systems. However, many still rely on multiple, disconnected tools to handle the various facets of their operations—policy management, underwriting, claims, and billing. The need for different […]
Why Insurers and MGAs Should Use Low-Code and No-Code Insurance Software
As a response to outdated core IT systems, a clear trend towards no-code and low-code platforms in software development has emerged. This applies to the insurance sector as well. Low-code and no-code insurance software turn development from a complex and time-consuming coding marathon into a simple process with a fast delivery cycle. Features like ease […]
Customer Story: Warranty Insurance Launched an Innovative B2C Insurance Product
Warranty Insurance is an MGA focused on providing extended warranty and accidental damage insurance in Central and Eastern Europe for electronics retailers, dealers, and manufacturers, specifically those with a large customer base. Warranty Insurance’s largest customer is Euronics – a well-established retailer with a physical presence in 31 countries across Europe. With the help of […]
Four Insurance Distribution Models to Consider as a Start-Up
Kyle Nakatsuji, the author of this article, was a Principal at American Family Ventures, the venture capital arm of American Family Insurance. There he focused on identifying and supporting early-stage companies affecting the future of the insurance industry. American Family Ventures invests across a variety of sectors, including IoT, fintech, SaaS, and data and analytics. Read the original article. Selling insurance is complicated. […]
Top List: MGA Software Providers in Canada
Last year, we published a list of (mostly UK-specific) MGA software houses that cater to the MGA business model in some form or another (read here MGA Software Providers). To our surprise, the feedback was extremely positive as it seems that MGA software providers are few and far between and not all providers say outright that their solutions work for MGAs, which sometimes makes them difficult to track down. We’ve had […]
New in Insly: MGA software
Over the course of last 18 month, we have been working together with the leading MGA-s from the London market to best accommodate their complex business processes on Insly software. Brick by brick, step by step, we have covered dozens of use cases with a range of new features. Today, we can present the outcome […]
Customer Success Story: Tempo Underwriting launched an online Bond insurance trading platform based on Insly software
“We chose to work with Insly for a number of reasons. We were looking for an all-round web-based platform that could potentially support several lines of business, different business models, in multiple currencies, languages and jurisdictions – where bonds should be the first of several products and country implementations. Insly have deployed their platform to […]
MGA Startup Story: How to Build a Successful Insurance Startup?
What defines a successful MGA entrepreneur? John Holm, Executive at MGA Investments at Asta Underwriting Management Ltd, says that perhaps the most important factor often cited for the ideal MGA startup entrepreneur is someone who is good at both insurance underwriting and insurance distribution, as well as having a good grasp of the numbers. However, […]
Customer Story: Signature Underwriting Launched an Online Fleet Insurance Trading Platform
“We chose to work with Insly because of their willingness to adjust the platform to our specific requirements that are essential for us in everyday business.” – Kelly Sims, Operations Development Manager at Signature Underwriting Signature Underwriting as a company Signature Underwriting is an MGA, providing insurance for commercial vehicles, primarily for taxis and couriers […]
7 Things to Consider when Implementing IT for MGA or Insurance Brokers
In today’s world, IT systems play a very important role in the success and sustainability of Managing General Agent (MGA) business. To outline the importance of that, consider the following quotes: “We estimate technology could reduce the combined ratio by as much as 21%” ~ Morgan Stanley and the Boston Consulting Group “During the past […]
