MGAs
Insurer
Broker
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 […]
How Insly Integrations Help Insurance Product Building
Data is high in volume and variety when it comes to running an insurance business. From applications data to claims and accounting – all of it has to be managed. Often, this means investing in several systems and results in a headache of managing multiple databases. If you’re looking to build a business that scales, […]
How to Use Time Saved, Thanks to Insurance Software (Part 2)
We will take a closer look at how Insurers and MGAs can use the time saved, thanks to insurance software. Don’t forget to also check out our previous post, where we already suggested some ideas, such as designing and delivering better and personalised insurance products, entering new markets, as well as developing new distribution channels […]
The Improved Way of Quote and Bind for Underwriters
Previous way of underwriting Back-and-forth e-mails from brokers, double-keying risk, policy, and price information, navigating between spreadsheets to calculate premiums – does that sound familiar? All of this is a common part of a commercial underwriter’s daily routine and their Quote and bind process. A manual underwriting workflow absorbs a lot of time and has […]
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 […]
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 […]
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 […]
