Azur Technology launches new product MGA Connect

October 15, 2024 Built for all classes of insurance by a team of former underwriters, MGA Connect is an end-to-end digital policy admin system that delivers innovative underwriting tools and powerful automation to get insurance products out to market faster, make underwriting processes more efficient, and open up new paths towards profitability.

The product team at Azur Technology, formerly itself an MGA, knows that productivity and speed to quote are crucial to success for any insurance business. With MGA Connect they can wave goodbye to the painstaking admin and burdensome rekeying of data that slows their team down and scale their business without increasing headcount.

MGA Connect provides a Core system of record, which delivers everything an MGA needs to create, issue, manage and renew policies. This option enables users to get products out to market faster, create detailed bordereaux reports and manage the entire policy lifecycle in one place.

MGA Connect Plus takes things to the next level. These additional modules help MGAs automate tasks, opening up new paths to profitability. They include a broker portal with a branded, self-service interface to manage submissions, policy document generation, a rater for automated quotes, and billing to raise invoices as well as track premiums, commissions, taxes, and fees. When an MGA is ready to add AI, Salesforce’s Agentic AI solution is integrated. From data ingestion to pricing decision making, users can jump on the latest technological advances as they roll out.

Katya-Yani Vyas is Chief Product Officer at Azur Technology and said:

“Our product team and developers understand the needs, pressures and challenges within the MGA sector, because that is the origin of Azur Technology. These usually revolve around time-consuming admin, rekeying of data and slow quoting capabilities. The team focused on delivering great underwriter experiences to reduce workload and save time and money. We have also built modules to create a tailored product dependent on the priorities of each individual MGA. The result is less time spent on reviewing submissions or mundane administration and more time underwriting, growing and scaling your business. The results have been truly transformational.”

MGA Connect is built on technology you can trust, Salesforce — an industry-leading enterprise platform trusted by the likes of American Express, Barclays and Santander. This delivers Azur Technology customers with the API enablement, enterprise-grade security and AI capabilities you would expect from the industry-leading enterprise platform.

MGA Connect is available now and is already helping organizations such as Crux Underwriting, Dual and Euclid Program Managers to transform their business, increasing productivity and profit.

Talk to a member of our team today and learn how MGA Connect could help your MGA improve productivity and profitability.