MGAs
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Rating Engines – Threat to Human Underwriters or the Ultimate Underwriting Aid?
Rating is a core success factor for insurers and MGAs, impacting directly their performance and business results. Rating can be done manually, using multiple spreadsheets and systems for data storing and calculations. This is laborious, error-prone, and extremely time-consuming. Insurers and MGAs can choose an alternative and use rating engines for efficient automated underwriting. Rating […]
How to Choose Insurance Software: 8-Step Guide for MGAs
Buying insurance software for your MGA can be a complicated process: 1) an underwriting operation has many changing parts, each with their own requirements; 2) there are huge differences in insurance software being offered, ranging from no-code solutions, where insurance products can be built in a drag-and-drop editor, to fully custom-developed software, where you work with an IT project manager […]
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As a response to outdated core IT systems, a clear trend towards no-code and low-code platforms in software development has emerged.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 […]
