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 […]
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 […]
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 […]
Why is Lloyd’s losing out on Insurance Technology Innovation?
While the founder of Lloyd’s might be amazed by how far Lloyd’s of London has come in a little over 300 years, the insurance market is no longer the pioneer of the industry that it once was. It is now lagging behind in this age of constant insurance technology innovation. In the 1600s, Edward Lloyd made […]
Customer Story: Accelerate Underwriting Ltd™ and Insly Launched an MGA Trading Platform for Complex Non-Standard Insurance
Accelerate Underwriting – a Specialist MGA Founded in 2015 and based in London, Accelerate Underwriting Ltd™ is a specialist Managing General Agent (MGA) offering bespoke niche insurance products, mainly focused on property and casualty business, covering a multitude of trades. Partnering with Insly Transacting non-standard insurance is complex, but through the use of data and customer insights, Accelerate have built products which […]
