Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Our suite of ready-to-launch life, annuity, and final expense insurance products is comprehensive, featuring options with unit funds and diverse investment crediting rules. Additionally, we offer robust support for bulk file transactions alongside user-friendly portals for both plan administrators and participants to manage their needs. Within a mere six months, we have successfully transformed clients with intricate annuity offerings and facilitated seamless data migration. There's no necessity for cloud architects, specialized CI/CD knowledge, or extensive involvement from your IT personnel. Regular product launches and a solid return on investment empower you to concentrate on staying ahead of the competition through innovation. Furthermore, our modular approach to policy administration system implementation allows for the streamlined management of your agency, encompassing commissions, compensation, and claims, ensuring operational efficiency across all fronts. This holistic and agile strategy enables you to adapt quickly to market demands and enhances your overall service delivery.
Description
Vertafore's MGA Systems serves as a dedicated policy administration platform tailored for Managing General Agents (MGAs) and program administrators, allowing for the quick launch of new products and business lines. It combines policy administration, accounting, and claims management into a cohesive system, enhanced by event-driven workflows that optimize operational efficiency. This solution employs an agile development methodology, enabling rapid implementation of tailored customizations and features open APIs for seamless connections with other systems. Addressing the specific requirements of ultra-specialized risk management, diverse distribution models, and third-party integrations, MGA Systems also excels in delivering complex and customized reporting functionalities. By enhancing the workflow through MGA processes and integration with rating tools such as NetRate, users can efficiently perform tasks like rating, quoting, binding, invoicing, and policy issuance. Ultimately, this system not only improves operational efficiency but also empowers MGAs to respond swiftly to market demands while maintaining high levels of service.
API Access
Has API
API Access
Has API
Integrations
Equisoft/centralize
Equisoft/connect
Equisoft/illustrate
LexisNexis Active Insights
Milliman
NetRate Commercial Lines Rating
Integrations
Equisoft/centralize
Equisoft/connect
Equisoft/illustrate
LexisNexis Active Insights
Milliman
NetRate Commercial Lines Rating
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Equisoft
Founded
1994
Country
Canada
Website
www.equisoft.com/products/policy-administration-system-manage
Vendor Details
Company Name
Vertafore
Founded
1969
Country
United States
Website
www.vertafore.com/products/policy-administration-system/mga-systems
Product Features
Insurance Policy
Cancellation Tracking
Claims Tracking
Policy Generation
Policy Issuance
Policy Processing
Quotes / Estimates
Rating Engine
Reinstatement Tracking
Reinsurance Administration
Renewal Management
Underwriting Management
Product Features
Insurance Policy
Cancellation Tracking
Claims Tracking
Policy Generation
Policy Issuance
Policy Processing
Quotes / Estimates
Rating Engine
Reinstatement Tracking
Reinsurance Administration
Renewal Management
Underwriting Management