Program and Specialty Lines Automation

For carriers that write Programs or distribute Specialty or Surplus Lines products via MGAs, automating the process can be overwhelming. To date, there hasn’t been adequate technology to meet that challenge. AgencyPort, the leader in insurance distribution, now offers a solution designed specifically for the automation of Program and Specialty lines distribution—CoverIQ™.

For insurers that collect policy data from distribution partners via bordereaux, CoverIQ™ can handle the job. It is a flexible, scalable, web-based solution that captures and streamlines the collection of bordereaux—validating, transforming and aggregating the many file formats into one consistent data structure and integrating with MGA systems. It’s a first in the industry.

For companies that need to offer a full rating and issuance system for their submitting distribution partners, AgencyPort combines the power and functionality of AgencyPortal™ with our Templates to allow companies to quickly assemble products to distribute to their MGA partners. It plugs in rating and issuance functionality and offers a “tiered” web solution, allowing retailers to submit to MGAs and MGAs to then route business and decisions to the writing carrier or reinsurer. By distributing your own systems to MGAs and Program writers you introduce more controls, reduce your risk and get closer to the policy data that is ultimately on your books.