Today’s customers expect seamless interaction, no matter the channel. Partners want seamless integration that makes insurance feel native to their platforms, while agents expect to engage with MGAs through modern digital channels.
Insillion, a provider of Pay-as-you-Grow policy administration and claims software, today announced that its partnership with Functional Finance,
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:
The right capacity partnership goes beyond funding — strategy, support, and alignment all play a critical role in an MGA’s long-term growth.
Yet, despite the impressive expansion, MGAs are facing a capacity crunch, with negotiations becoming more demanding and assessments more rigorous. And this has everything to do with the ongoing Hard market phase.
Achieving the ambitious goal of “Insurance for All by 2047” will require collective action to overcome structural barriers, build consumer trust, and position insurance as a key pillar of financial protection.
Despite recent progress, India remains significantly underinsured when compared to its economic potential and demographic size. While insurance penetration has improved marginally, large disparities exist across regions, income groups, and product lines.
We'll look at the Top 5 Insurance Workflows where automation can have the biggest impact, driving efficiency from submission automation to claim processing.
For founders, underwriters, or anyone in the early stages of building an MGA, the learning curve can be steep. Industry jargon can be confusing, and some concepts can be hard to grasp.
Intelligent Document Processing is a technology that converts unstructured information like PDFs, e-mails and handwritten notes into structured, easily usable data.
Enabling faster product launches,
underwriting, and distribution
connectivity for insurance carriers and
MGAs worldwide.
