Insurance agency MGAM Limited and software provider INSTANDA have introduced an automated insurance solution for small and medium-sized enterprises in need of employer’s liability and public and product liability cover, as well as all-risks and tool cover insurance.
The online solution, called Per Capita, delivers a fully automated, full cycle service covering new business, renewals, mid-term adjustments and cancellations, and management reporting. MGAM partnered with INSTANDA for the fast and cost-effective platform.
“We have combined the most sophisticated underwriting and distribution platform and industry ‘know how’ to design a service which is simple to use, ensures that all the regulatory needs are met, and provides a vast amount of ancillary information and back-up to a coverholder ensuring they have a fully compliant and managed system,” said MGAM chief executive Jason Anthony.
He added that the automated production of all policy documentation, bordereau, and invoicing brings significant cost savings to coverholders.
Meanwhile, INSTANDA chief executive Tim Hardcastle said they take pride in not only digitising complex products like Per Capita and helping to create a market-leading customer experience but also putting MGAM in control of every aspect of product design and delivery.
