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Technology & Tools  MGA Or Markets With Hi Technology for the Independent Brokers - Web or Mobile Apps 


msibroker, MSI Insurance Broker Inc. - dba Multi Services - Raytown, MO 64138
Reputation: 94 - Total posts: 7
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We would like to know which of the MGAs or Markets provide some kind of modern technology to help ease the job of Independent Brokers.

We will appreciate if you provide links to your websites or mobile apps.

For example:
if you have some automated systems to accept or retrieve insurance applications or quoting engines or any thing else that
makes the life of an independent broker more easier?

3 year(s) ago
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Mark Chappell, CIS, Inc. - Alexander City, AL 35010
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CIS, Inc. Has contracted with Insure-scan.com to develop a mobile app to help with private passenger auto production. Insurescan has a patented process to speed the process and also reduce errors in the applicatio.
3 year(s) ago
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msibroker, MSI Insurance Broker Inc. - dba Multi Services - Raytown, MO 64138
Reputation: 94 - Total posts: 7
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I was hoping folks would chime in with a list of online or mobile quoting tools...

Wondering ....
2 year(s) ago
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Felix German, FGE Group, LLC - Daly City, CA 94015
Reputation: 118 - Total posts: 10
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Friends,

I would love to get your opinion on my new startup Risk Matrix. The idea is pretty simple: the average insurance agent has no time or resources to know about all programs, wholesalers, mgas, carrier appetites etc that exist in the marketplace. There are thousands of carriers. So an average agent misses out on a lot of opportunities to work with a wholesaler because agent doesn’t know that wholesaler writes particular piece of business. On the other side, wholesalers and direct carriers spend A LOT of time declining business or advising agents that they don’t have the market for the piece of business they are trying to place. The whole system has to be more efficient. So I came up with the idea to create a matrix, kind of like periodic system in chemistry. Let’s say the agent needs to place an apartment building. He keys in several criteria’s (age of the building, construction type, occupancy) and based on that he gets that Nationwide would decline the risk, so would Starr Indemnity, but Colony through Hull & Co would. If agent is already working with Hull&Co, Hull&Co will be one of the first companies in the search queue. At that time, the agent will have the option to actually send the submission to the wholesaler through the platform and he will do so by completing risk specific questionnaires and accords. He will also have a tool to communicate with the underwriting team. Then, wholesaler would upload the quote to the platform and if the agent likes it he will have the opportunity to bind it through the system. At the end the idea is to help agents to know the marketplace and to help wholesalers to get ONLY the business the like to write.
2 year(s) ago
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