{"id":14861,"date":"2022-07-11T12:36:07","date_gmt":"2022-07-11T09:36:07","guid":{"rendered":"https:\/\/insly.com\/?p=14861"},"modified":"2025-02-12T11:45:06","modified_gmt":"2025-02-12T08:45:06","slug":"insurance-underwriting-automationhow-insly-and-mga-encompass-set-up-a-broker-portal-for-biba-in-two-weeks","status":"publish","type":"post","link":"https:\/\/insly.com\/en\/blog\/insurance-underwriting-automationhow-insly-and-mga-encompass-set-up-a-broker-portal-for-biba-in-two-weeks\/","title":{"rendered":"Insurance Underwriting Automation: How INSLY and MGA Encompass set up a Broker Portal for BIBA in Two Weeks"},"content":{"rendered":"
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MGA Encompass \u2013 Specialist MGA for Property Damage and Liability Cover<\/h2>\n

MGA Encompass<\/span><\/a> was founded in 2015 and provides all-in-one cover for SMEs that need Property Damage and Liability insurance. The organisation offers coverage options for various industries, including contractors, warehousing, retailers, manufacturers, office, and property owners. So it must be able to create insurance cover products to fit each SME\u2019s needs.<\/span><\/p>\n

The Challenge: Create a Digital Insurance Underwriting System from Scratch<\/h2>\n

Building an insurance underwriting system is no small feat \u2014 especially when it needs to be adaptable to varying customer needs. But MGA Encompass exhibited at this year’s <\/span>BIBA Conference<\/span><\/a> in Manchester on 11th – 12th of May with that challenge in mind. INSLY helped introduce the system to brokers.\u00a0<\/span><\/p>\n

MGA Encompass had never traded their products on an online platform before. At the event, the company showcased its new all-in-one Property Owner\u2019s product solution built with INSLY\u2019s low-code tools.\u00a0<\/span><\/p>\n

Previously, MGA Encompass had used email to communicate with the brokers, Excel to calculate insurance premiums, and Excel and Word to create policy documents. But with insurance underwriting automation, they could reduce manual admin, boost workload potential, and increase productivity.\u00a0<\/span><\/p>\n

MGA Encompass needed an online underwriting engine that could streamline all processes, moving the business away from excel to a cloud-based digital underwriting platform with a broker portal extension.\u00a0<\/span><\/p>\n

MGA Encompass sought a solution from INSLY, but gave a short time frame \u2013\u2013 the demo build had to be completed in just two weeks.\u00a0<\/span><\/p>\n

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Partnering with INSLY to Build a Tailored Solution to Automated Insurance Underwriting Systems<\/h2>\n

Today, <\/span>automating the underwriting of insurance applications is essential. But, <\/span>building an insurance product has always required technical expertise, long timelines and a big setup budget. Until recently.\u00a0<\/span><\/p>\n

Low-code platforms like INLSY have now made it easy for non-technical MGAs and insurers to build bespoke insurance software products quickly \u2013\u2013 for a fraction of the former cost.\u00a0<\/span><\/p>\n

In just two weeks, INSLY helped MGA Encompass create an integrated automated insurance underwriting system that streamlines the broker’s essential question set by ensuring the UI UX was intuitive.\u00a0<\/span><\/p>\n

The resulting software offered the following features:\u00a0<\/span><\/p>\n