Solutions for Reinsurers

Recruit better MGAs to drive growth, margins, and lower risk

Challenge

As the reinsurance industry faces commoditization pressure, firms must create specialized products or increase operational efficiencies to achieve growth and margin objectives. How do you programmatically create a white labeled solution to digitize your MGA distribution channels and support them with the best technology? Reinsurers need to attract more MGAs by allowing them to focus on the business models while you support them with the most flexible, easy-to-use technology that fits their custom workflows and processes, not the other way around. 

Put your customers at the center of the conversation

Simplifying the end-to-end policy application process needs to happen from the front lines of the business. By empowering a new generation of reinsurers, you empower MGAs to build new, customer-centric products and create a winning partnership for both sides.

Solutions

Illustration of the towerIQ form builder

 

Simplify data consolidation with a white label solution for your MGAs

Empower your MGA partners to focus on solving the hardest business challenges and new underwriting models, while simplifying their data collection and cleansing process from ANY industry standard or custom data source (custom schemas, 3rd party data, AMS systems, or carriers).

Illustration of the towerIQ form builder
Illustration of a pre-filled form in towerIQ

 

 

Reduce data entry so your MGA partners can sell more

MGA distribution partners can select third-party data sources to pre-fill any application plus hide, comment, or lock fields. 

Illustration of the towerIQ integrations management screen

 

Unleash your MGA distribution teams with powerful new tools

Equip your MGA partners with a powerful ecosystem of tools to create differentiated client experiences. Craft a winning customer journey including digital payments, third-party data streams, marketing and sales tools, and powerful AI/ML capabilities.

Illustration of the towerIQ integrations management screen

Features

Common Data Model 

Import your MGA's data architecture or select from industry standards like ACORD to bind custom schemas, remove errors, and connect your data to any tech stack or architecture via a single language.

Role-based access controls

Add MGA distribution partners and grant secure access to the platform; set user permissions and access controls; and leverage normalized data structure.

Code-free custom workflows and applications

Support your MGAs with agile technology to create and update custom applications by leveraging a visual building environment without the need for IT assistance. 

End-to-end policy validation and binding experience

Empower MGAs to send applications to clients for exposure gathering, receive completed applications with normalized data, and bind policies through the towerIQ platform with accelerated on-boarding. 

 

 

Role-based dashboards

Create role-based reports and dashboards to manage all roles, locations, and lines of business within a single environment to reduce time and cost spent operating multiple disparate systems.

Integrate with any system

Integrate and connect with your AMS system and policy admin system to push data and connect with carriers to instantly submit applications and receive quotes.

Client activity alerts and audit

Keep track of client activities with timestamps from team members. Get proactive alerts when your clients sign in, submit forms, and more. All activities are tracked in audit logs to improve compliance.

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