Agile Underwriting and InsuredHQ

About Agile Underwriting

Agile Underwriting was established in 2015 as an Australian underwriting agency and Lloyd's Coverholder. They are very technology progressive and the team comprises Lloyd's and Insurtech veterans with over 200 years of combined experience in the local and global insurance and reinsurance markets.

Agile Underwriting selected InsuredHQ as their Core administration platform and System of Record to manage their Aviation and Financial Lines range of products.

With a commitment to innovation and excellence, Agile Underwriting required a robust, flexible, and scalable platform to manage their complex range of products efficiently.

The Challenge

Agile Underwriting faced several challenges in managing their diverse insurance portfolio often with hard-to-place policies.

Complex Product Management: Handling a wide array of specialized products like Aviation and Financial Lines requires a sophisticated system capable of managing intricate details and compliance requirements.
Efficiency and Accuracy: Maintaining high standards of accuracy and operational efficiency across multiple product lines and processes.
Scalability: Need for a scalable solution to support future growth and expanding product offerings.
Integration: Requirement for seamless integration with Xero, existing systems, and processes to ensure smooth operations and data consistency.

Solution

Agile Underwriting selected InsuredHQ’s Core administration platform to address these challenges. InsuredHQ provided a comprehensive, flexible, and scalable solution tailored to Agile Underwriting's specific needs.

Key Features and Benefits

Robust Product Management: InsuredHQ’s platform offers advanced multi-LOB, Co-insurance and multi-currency capabilities, ensuring accurate and efficient handling of Agile Underwriting’s Aviation and Financial Lines products.
Enhanced Efficiency: The platform automates various administrative tasks, reducing manual effort and minimizing errors, thereby increasing overall operational efficiency.
Scalability: InsuredHQ’s scalable architecture supports Agile Underwriting’s growth ambitions, allowing them to easily expand their product offerings without compromising on performance.
Seamless Integration: InsuredHQ integrates seamlessly with Agile Underwriting’s existing systems, ensuring data consistency and smooth operational workflows with reporting Bordereaus specific to their Lloyds Syndicate.
Real-Time Reporting and Analytics: The platform provides real-time reporting and analytics capabilities, enabling Agile Underwriting to make informed decisions based on accurate and timely data.

Results

Since implementing InsuredHQ’s Core administration platform, Agile Underwriting has experienced significant improvements in their operations:

Increased Operational Efficiency: Automation of administrative tasks has led to a notable increase in efficiency, allowing the team to focus on strategic initiatives.

Improved Accuracy: Enhanced accuracy in product management and data handling has reduced errors and compliance issues.

Scalability: The scalable solution has supported Agile Underwriting’s growth, enabling them to introduce new products swiftly and efficiently.

Data-Driven Decision Making: Real-time reporting and analytics have empowered Agile Underwriting to make data-driven decisions, enhancing overall business performance.

Conclusion

Agile Underwriting’s partnership with InsuredHQ has proven to be a successful endeavor, addressing their core administration needs and supporting their growth trajectory. InsuredHQ’s platform has provided Agile Underwriting with the tools and capabilities to manage their complex product lines effectively, ensuring they remain at the forefront of the insurance industry.

For more information about Agile Underwriting, visit www.agileunderwriting.com.

For details on InsuredHQ’s Core administration platform, visit www.insuredhq.com.

AGILE is a fast-growing Australian insurtech, MGA, and Coverholder at Lloyd's that blends sophisticated underwriting and placement of complicated products with new technology.

About Agile Underwriting

The Challenge

Solution

Results