Whilst individuals with underwriting (carrier) experience find familiarity when transitioning to the world of MGAs, observations are being made that it is key to invest in technology. This is ringing out loud as a mantra from many sources. John Turner of Pen Underwriting comments:
The effective application of good technology: enabling MGAs to bring solutions to market quicker, slicker and cheaper. You’ve either got to have it – or invest heavily in it without delay. That way the team can focus on business development and getting opportunities in the top of the funnel.