Launching new products is crucial for insurers looking to seize new business opportunities. But while market demands and customer expectations evolve rapidly, many carriers still rely on legacy systems built on technologies
It is imperative for specialty line carriers to invest in systems that enable them with the modularity and flexibility that non-admitted lines demand.
Starting out, we were under the impression that “Claims” was a monolithic block in the insurance journey.
MGAs have long been at the forefront of innovation in the insurance industry — from providing coverage for niche and high-exposure risks
Commercial insurance underwriting is drowning in paperwork. Underwriters spend more time on manual tasks than on evaluating risks. The solution lies in automated underwriting systems that shift focus from administration to risk assessment.
Entering an MGA–capacity partnership involves more than just financial discussions. Here are several key aspects that Chris and Somil advise MGAs to clarify early on:
Entering an MGA–capacity partnership involves more than just financial discussions. Here are several key aspects that Chris and Somil advise MGAs to clarify early on:
Managing General Agents (MGAs) and Program Administrators form a critical part of the insurance distribution ecosystem, collectively handling nearly 25% of the world’s specialty premium volume.
Parametric insurance covers the probability of a loss-causing event, paying out when a pre-defined threshold is met.
Technological advancements have been reshaping the insurance industry, leading to significant transformations. One such technology is Generative Artificial Intelligence (AI)
Enabling faster product launches,
underwriting, and distribution
connectivity for insurance carriers and
MGAs worldwide.
