Tag: underwriters

How Integrations Help Underwriting

Our previous posts talked about integrations in insurance product building. This time, we’ll focus on how integrations help underwriting. Through different integrations, Insurers and MGAs can enrich the data they work with to make more informed decisions. Data enrichment means merging third-party data from external sources to enhance information about your customers, risks you are […]

No-Code and Low-Code Insurance Software Providers for MGAs

Insurance Software Providers Deliver Different Functionalities   As we have previously written, no-code and low-code solutions are making their way in insurance to help Underwriters rapidly launch new insurance products, adapt to changing market conditions, and provide flexibility in connecting to other IT systems.   Since the no-code and low-code approach has not become the industry standard yet, good solutions might be hard […]

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 […]

3 Key Areas to Address to Cut Costs in Insurance Management 

Largely, the cost reduction for Insurers and MGAs comes down to three main categories: selling more; improving risk assessment; cutting down operating costs. The key here is the digitalisation of insurance administration and distribution. With advanced no-code and low-code platforms, Insurers and MGAs can easily automate standardised insurance processes from quote and bind to claims […]