Value Insurance MGA Launches with Speedbuilder Systems’ BindExpress Suite

The startup is running the full suite of BindExpress Rating, Underwriting, Policy, Billing, Claims, and Reporting components.

(Image source: Value Insurance MGA homepage.)

Value Insurance MGA, a Birmingham, Ala.-based startup providing nonstandard automobile product in the state of Alabama, has deployed Speedbuilder Systems, Inc.’s (Columbia, S.C.) BindExpress Suite. Created through capital raised by London Underwriters (Aventura, Fla.), Value is running the full suite of BindExpress Rating, Underwriting, Policy, Billing, Claims, and Reporting components.

Paul Gabe, CEO and President, Value Insurance.

“As a startup, Value must run “lean and mean” on an easy-to-use, intuitive system,” comments Paul Gabe, CEO and President, Value Insurance.  “Making it easy for the agents to bind business and process payments is essential in the high-volume, price-sensitive world of nonstandard auto.  Our agents process business quickly, and rarely call in with questions, a real testament to the simple workflow and intuitive design.”

“We are proud to add Value Insurance to our family of clients,” comments Rod Giess, President, SpeedBuilder Systems.  “Given the requirement in the nonstandard auto business for seamless integration to comparative raters, straight-through-processing, and intuitive workflows, our success with Value validates the robustness of the BindExpress Suite.  We look forward to helping them grow as business partners.”

SpeedBuilder describes BindExpress as built on a web-native, open-source technologies with AlwaysCurrent Architecture, and the only market solution that enables clients to customize the system as desired, yet accept all product updates and enhancements at any time, without retrofitting the customized code.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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