MGA expands regional broker presence

Managing general agent (MGA) Generation Underwriting has launched a new digital eTrading platform as part of plans to expand its distribution to regional brokers.

Built by scheme specialist software provider SchemeServe, the platform will initially offer cover for residential and commercial property owners, with capacity coming from its panel of A rated insurers.

There are plans to expand the number of schemes offered on the platform to include retail and office and commercial combined.

Sean Neal, commercial director at SchemeServe, said the move “enhances the broker proposition” on offer from Generation Underwriting.

“There are a lot of synergies between us – particularly in our shared commitment to expertise and service,” Neal said.

“The new system we have created for them demonstrates the flexibility and scalability of the SchemeServe platform and how our underwriters and obsessive support teams work closely with our clients to build bespoke solutions for specialist needs.

“We have delivered a transformative solution that enhances the broker proposition and enriches the customer experience. It has been a pleasure playing a role in bringing this scheme to market.”

Growth

Generation Underwriting said it was forecasting to double its growth to £25m gross written premium (GWP) by 2026.

Greg Wilde, managing director of the MGA, said that it had been making investments in technology and people to “transform our digital capabilities to take us to the next stage in our ambitious growth plan”.

“Our partnership with SchemeServe has enabled us to bring our service to brokers anywhere in the UK now,” he said.

“We’ve overhauled our back office, introducing massive efficiency gains. It’s early days, but so far, the traction has been eye opening.

“We’ve got ambitious growth plans and the technology is nimble and has the capacity to grow with us.”