Innovisk Capital Partners (Innovisk) has established a U.S.-based MGA offering specialty products and solutions for both traditional and digital brokers, serving small to medium sized businesses, called Vindati.
Innovisk states that Vindati’s first products are Contractors Equipment, Builder’s Risk, and Farm / Ranchowners packages, with Commercial Articles, Motor Truck Cargo, and Warehouse Legal lined up.
Via either ACORD forms, digital broker channels, other insurtech connectivity or directly on the Vindati shopping platform, brokers will select how to connect and place business with the new MGA.
Vindati will provide instant customisable and bindable quotes using advanced technology, integrated data and analytic tools, delivering both proposals and policies on demand.
Vindati’s Chief Executive Officer (CEO), Hugh Burgess, said: “Vindati is focused on delighting the broker as the customer like never before. We’re bringing together the best combination of insurance and technology expertise, along with the brightest minds from the distribution channel and data provider worlds to uncomplicate processes and deliver outstanding user experiences.”
CEO of Innovisk, David Thomas, added: “We are pleased to help bring Vindati to the US insurance market. Our strategy is to seed start-up underwriting entrepreneurs and support them with technology and data. Hugh is a well known leader in the market who’s vision has helped us advance our technology strategy.
“Our services and capabilities will enable us to partner with Vindati’s strong underwriting team as they use technology and data to make significant improvements in the brokers’ buying experience.”
