Re/insurance service provider Xceedance has announced the launch of its new software and services offering, MGA Agility Suite.
Xceedance’s MGA Agilty Suite combines policy-administration capabilities, an underwriting platform, plus distribution & communication tools and is designed to enable both established and startup program administrators, MGAs and MGUs worldwide to deploy a tailored, advisor-driven sales and service engine to capture profitable market segments.
“The Xceedance MGA Agility Suite provides software and associated services to support MGAs in insurance markets worldwide,” said Travis MacMillian, Chief Business Officer at Xceedance.
“MGA operations typically rely on software or platforms intended for primary insurers. In contrast, the dedicated MGA Agility Suite comprises an insurtech platform, coupled with lifecycle services for program administrators, MGAs, and MGUs.”
The Suite also facilitates regulatory compliance and partnerships with organisations such as actuaries and third-party administrators (TPAs); and enables integration with insurance data providers, payment gateways, general ledger applications, and document generation services.
The platform can be hosted on the cloud for superior performance in managing diverse insurance products and core MGA/MGU operations.
Additionally, Xceedance has announced the successful implementation of the MGA Agility Suite for Archipelago Risk Services (Archipelago), a tech-driven MGA backed by underwriting capacity from Arch Insurance (UK).
Archipelago’s recent deployment of the MGA Agility Suite provided the company with a single platform for clients – via intermediaries – to purchase motor, home, investment property, travel, and pet insurance, quickly and efficiently.
“The Xceedance MGA Agility Suite empowers us with highly-automated workflows and a streamlined policy lifecycle — boosting organizational efficiency, enhancing the policy buying experience, and lowering operating costs,” commented Richard Coleman, Managing Director at Archipelago Risk Services.