Managing insurance operations can be quite a challenge for managing general agents (MGAs) and wholesalers. To address these challenges, Expert Insured has launched a new agency management system. This platform, built on over 15 years of experience and recently updated using .NET Core technology, aims to simplify the insurance lifecycle from underwriting to policy issuance and accounting.
Expert Insured is designed to help MGAs work more efficiently and reduce costs. It combines advanced features like AI-driven automation, strong rating tools, and specific accounting functions into one platform. This all-in-one solution allows MGAs to tailor their workflows and scale their operations more easily.
Selectsys Tech, the company behind Expert Insured, brings over 20 years of experience in the insurance sector. Their new platform reflects the real-world needs of MGAs and wholesalers. It includes important security features like multi-factor authentication and single sign-on, making it easier for users to access the system securely.
One of the standout features of Expert Insured is its use of AI to enhance underwriting and risk assessment. By employing predictive analytics, the system helps underwriters evaluate risks more accurately. This reduces the time spent on administrative tasks, allowing MGAs to focus on serving their clients better.
The platform also excels in rating and policy lifecycle management. It offers compatibility with XL Rating and ISO rater, integrating smoothly with carrier APIs. This means MGAs can generate quotes in real-time, speeding up the policy issuance process. Furthermore, its policy lifecycle module manages renewals, endorsements, and compliance, making it easier for MGAs to handle every aspect of their operations.
In addition to these features, Expert Insured includes an accounting solution tailored for the insurance industry. This ensures accurate tracking of commissions, premium management, and adherence to regulations. By merging financial data with operational insights, MGAs gain a comprehensive view of their business performance, helping them optimize revenue and streamline financial processes.
In summary, Expert Insured is a powerful management system that combines AI, rating tools, policy management, and accounting functions. With a solid foundation of experience and a focus on scalability and security, it aims to meet the evolving needs of MGAs and wholesalers in today’s insurance market.