Beyond Policy Administration® (BPA)
The digital catalyst for Insurers & MGA’s
Introducing BPA
Beyond Policy Administration® (BPA) is the next-generation platform that provides a digital catalyst to help your business prosper.
It has been created specifically for the insurance industry by insurance tech experts
Empowers you to launch new products quickly
Can be configured by you to your needs
Scaleable Microservices Architecture - will grow with your business
Enables you to truly connect with your partners
Maximizes efficiencies by easily tracking your day-to-day processes
A true SAAS offering, you only pay for what you use, so you can be sure of your costs
Full audit trail & data encrypted at rest and during transit
Are you ready?
Insurers key competitive advantages (product, distribution and capacity) have become more critical than ever to create a sustainable business model, profitability and growth.
It’s getting harder for brokers to find capacity for some risks, as carriers withdraw to their core business. They want MGAs/Insurers to fill that gap, with technical expertise and consistent capacity.
There’s a fight to quality, as carriers focus on an Underwriting performance and routes to markets.
As the insurance market hardens, Insurers/MGAs must set themselves apart through inventive products, competitive pricing and great customer service.
Tomorrow’s MGA will be innovative, entrepreneurial and tech enabled.
Carriers are looking to back MGAs that can provide transparency, insight and innovative products.
There’s more competition than ever for capacity among MGAs.
Develop new products quicker
To stand out in a crowded market you need to innovate.
BPA makes it possible to focus on devising new products that meet the fast-changing needs of policyholders.
Launch new products within days to meet market demand and stay ahead of the pack
Self-configuring templates and pre-built forms to create and roll out several products at once
Custom built pricing model can be updated easily
An intuitive platform to define rules simply, making underwriting easier
Straightforward governance framework
Tap into new markets
MGAs need to offer new ideas and a flexible approach to meet brokers’ demands and beat their rivals.
BPA allows you to be nimble and entrepreneurial.
Brokers and carriers can plug into your system, guaranteeing exemplary service
A web-based portal automates the entire process, from submission to renewals
Distribution partners can be directly integrated for straight-through processing
Simple framework provides control, so you can focus on new products and distribution
Tap into new markets and sales channels
Develop a true partnership with carriers
Carriers want to back MGAs with strong performance, innovative products and good management controls.
MGAs want to work closely with their capacity partner on risk management, reporting and compliance.
BPAs real-time reporting and easily configurable dashboards help you manage your business effectively
Carriers get up-to-the-minute snapshots on portfolio performance, risk exposure, and claims
BPA puts the digital contract at the very heart of the transaction, providing real-time market insights — so you can respond quickly