Identify these issues early to ensure your systems and software keep up with the pace of new business.
One thing successful MGAs and program administrators do to prepare for a surge in growth is evaluate their technology, so that systems and software hum along with the pace of new business. Here are the top four reasons clients made the switch to MGA Systems for all their automation needs. You’ll know it’s time for you to consider a new MGA management system if you find yourself with any one of these challenges:
MGAs and program administrators operate differently when it comes to how billing is handled, commissions are paid and overall day-to-day insurance processing. To accommodate the nuances found in each organization, you need an integrated management system that is not built to force you in a specific workflow, but rather one that accommodates your uniqueness. If you must overhaul how you do business to fit your system, it is time to look to a solution that celebrates your style.
When you cannot quote or write the new program business quickly, we understand that you are losing valuable time and money. We know the insurance marketplace demands you to be nimble, so we support you with an agile development shop that embraces quick and efficient software changes. Your goals are our goals.
Being unable to easily integrate with other vendors or software solutions limits your ability to underwrite business, generate customized reports, and grow your business. Using open APIs and other technology to seamlessly integrate with online portals, rating platforms, and other data sources is vital to your success.
As your business grows, you need a solution that goes beyond basic daily operations. The right solution will be able to efficiently and quickly support your MGA business as you grow.
At Vertafore, we strive to help MGAs and program administrators be more efficient and profitable. We are a service company, not a software development company. We are here to listen to our clients’ automation wishes and turn their ideas into working software.
If any of these four issues sound familiar, it may be time to partner with a new policy administration vendor. Our experienced account managers are well-connected and experienced in the industry.
Explore more benefits of MGA Systems by visiting our product page.
September 12, 2023