After years of experience building customized solutions for MGAs, Insly now empowers its users with a true full cycle solution.
The platform, designed for the MGA model from the ground up covers the majority of MGA business activities from product build to quoting to MI and claims handling, which is achieved by having a modular set of tools that talk to each other.
Products can be deployed and changed rapidly without developers, using our product builder suite, which makes use of no/low-code technology that is becoming an industry standard and provides a high level of flexibility.
The distribution and underwriting functions allow an automated STP style process, a manual undewriter-driven process or a combination of both. Bespoke data enrichment can be integrated to drive your underwriting results with precedents in various lines of business that go beyond postcode lookups and sanctions checks, which come as standard.
The finance functions cover client/broker billing, easy reporting to capacity providers via API or BDX and an MGA specific accounts ledger for instant revenue recognition, better insight into business performance, and a complete audit trail.
Insly Claims module provides full claims processing functionality from FNOL to payments and financial ledger integration, but its functions can be used “a la carte” to suit the needs of MGAs with outsourced claim functions as well as those with full claims handling authority.
Key Facts
Used by 35 MGAs and Insurers in UK, Canada, Scandinavia, Germany, Austria, Poland, Estonia and New Zealand.
Insly platform is product agnostic, but 80% of users write Commercial / Specialty lines.
The platform works with all main distribution models, the most common being broker distribution, embedded insurance and B2C for non-standard personal lines.
Our story
Insly was founded in 2014, initially as a spin off of a successful insurance brokerage in the CEE region. After a good uptake from both Brokers and MGAs, it quickly separated from the Broker group and became a fully independent software provider. A deep understanding of intermediated insurance distribution remains part of the Insly DNA until this day.
From 2019 to 2020 Insly was in research and development mode, fully focused on building a new MGA platform. The aim was to have the flexibility to cover a variety of business cases and take advantage of the latest advances in technology, future proofing its partners and raising them above the competition.
We are delighted to be a part of the MGAA community and continue to support the success of our partners.
If you would like to find out how Insly could help your business, please contact Märtin Kosk, Head of MGA Sales at
Address
- Jump Accounting Wework
- 33, Queen Street
- London
- London
- EC4R 1AP
- United Kingdom
