This component manages and co-ordinates the onboarding of MGAs, ensuring all required checks are completed. It provides routing tools to request checks are carried out by a separate team, as well as storage of all associated documents.
MGA Manager also offers oversight of bordereau receipt and submission recording, in addition to highlighting overdue bordereau.
Additional features include:
- Detailed real-time analysis of MGA and Coverholder performance across all LOBs
- Company sanctions check autoruns each time there is new activity on the coverholder
- Conversational workflow which doesn’t delay the onboarding process
- Referral ability within the onboarding process
- PDF analysis to pull key data and tables from PDF scanned documents e.g., contracts
- Kanban-type dashboards to allow for easy workflow management
- Configurable due diligence and financial questionnaires for onboarding and reviews
- Advanced AI to validate every piece of Coverholder business and run detailed analysis on variances
