September 4, 2012
eInsurance specialists Sabrefish have launched a new Managed Service for Managing General Agents (MGAs). The service is based upon its successful RiskWrite software, bringing the benefits of a proven multi channel insurance application but is delivered as a fully managed service, making it ideal for MGAs, service companies and new market entrants.
Sabrefish's RiskWrite insurance clients include DUAL International, Nexus Underwriting Management, W R Berkley and Novae.
The new service brings all the power of a proven and comprehensive underwriting system to smaller to medium size MGAs, underwriters and intermediaries. There is no need to acquire server hardware and the service scales up automatically as companies grow. There is also no need for in-house technical staff, allowing clients to focus on growing the business and servicing their clients.
RiskWrite allows MGAs to offer insurance products over the web to agents and regional brokers, including quote and bind, document production and automated rating. Template insurance products are included to help clients get to market quickly and efficiently.
RiskWrite Managed Service also includes specific MGA features to manage both inward and outward bordereaux. Clients therefore have a platform on which to grow organically and cost effectively and with the confidence that all the “IT” is taken care of.
Jon Garaway, Sabrefish’s COO, said of the launch, “we have seen substantial demand from new and established MGAs looking for a solution which enables them to launch their business or new products quickly and with low upfront costs. We understood MGAs requirements and have sought to deliver a flexible and easy-to-use service. RiskWrite Managed Service will keep their business processes streamlined and provide effective reporting to management and underwriters/brokers.”