(Image source: Blue Zebra Insurance homepage.)
Xceedance (London/Boston), a global provider of insurance consulting, managed services, technology, data sciences, and blockchain solutions, has announced that Blue Zebra Insurance (Blue Zebra; Sydney, Australia) has successfully deployed the company’s MGA Agility Suite to modernize policy lifecycle management processes.
Blue Zebra required a flexible InsurTech platform with modern functionality to compete effectively in today’s market, according to an Xceedance statement. The Australian managing general agent also required a partner with deep insurance knowledge to help minimize system implementation costs and operational risk.
“The MGA Agility Suite elevates our personalized, advice-driven service model, especially with its end-to-end broker and underwriter portal, and a configurable rating/pricing engine,” comments Blair Nicholls, CEO, Blue Zebra. “This unique platform empowers our personal lines and small-to-medium enterprise business with highly-automated workflows and a streamlined policy lifecycle, which creates transactional efficiencies for our brokers while enhancing customer-centricity in our mutual operations. On a related note, at the recent Insurance Business Australia Awards, Blue Zebra was honored as the underwriting agency with the best digital strategy, in part due to the strengths of our platform.”
Engineered as an insurtech accelerator for established and startup program administrators, MGAs, and managing general underwriters (MGUs), the vendor describes the Xceedance MGA Agility Suite as a highly-configurable platform designed for rapid deployment and as-needed scalability. The MGA Agility Suite incorporates on-demand insurance operations services from Xceedance, to boost dexterity and responsiveness in managing dynamic policyholder requirements. The Suite is designed to create value for program administrators through intelligent technologies, process optimization, advanced analytics, and strategic operations support, according to the vendor.
Engagement Model that Minimizes Fixed Costs
“Both startup and established MGAs need hands-on partners who can facilitate time-to-market and rapid growth, while alleviating risks associated with launching, scaling, and managing operations,” comments Arun Balakrishnan, CEO of Xceedance. “For growth-oriented MGAs, Xceedance provides an engagement model that minimizes fixed costs. Also, we correlate our success with the advancement of MGAs by structuring relationships where Xceedance is compensated when our MGA partners succeed and profit in their markets.”