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Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Description

An award-winning, fully digital, and modular Policy Administration System provides comprehensive support for both personal and commercial lines of business, encompassing acquisition, billing, claims, and renewal processes. Featuring a low-code configuration engine for product and pricing, it minimizes delays and simplifies the introduction of new offerings. By harnessing cloud technology, it enhances data security, compliance, and system resilience. Through API orchestration, it connects various systems into a cohesive ecosystem that accelerates third-party application performance. This sophisticated digital solution effectively manages all distribution channels, including brokers, agents, and direct-to-consumer sales. By transforming data into actionable insights, it serves as a foundational system that enables organizational growth and strategic decision-making. Ultimately, this integrated approach empowers businesses to adapt quickly to market changes and customer needs.

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 No 

API Access

Has API Yes 

Screenshots View All

Screenshots View All

Integrations

NetRate Commercial Lines Rating No 
Sapiens Insurance Platform Yes 

Integrations

NetRate Commercial Lines Rating Yes 
Sapiens Insurance Platform No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Vendor Details

Company Name

Sapiens International

Founded

1982

Country

Israel

Website

sapiens.com/products/iditsuite-for-property-and-casualty-insurers/

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 No 
Claims Tracking No 
Policy Generation No 
Policy Issuance No 
Policy Processing No 
Quotes / Estimates No 
Rating Engine No 
Reinstatement Tracking No 
Reinsurance Administration No 
Renewal Management No 
Underwriting Management No 

Product Features

Insurance Policy

Cancellation Tracking No 
Claims Tracking No 
Policy Generation No 
Policy Issuance No 
Policy Processing No 
Quotes / Estimates No 
Rating Engine No 
Reinstatement Tracking No 
Reinsurance Administration No 
Renewal Management No 
Underwriting Management No 

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