How MGAs Can Cut Costs with Outsourced Underwriting Support
Hiring and training assistant underwriters is expensive. Turnover adds more cost. For MGAs competing in a margin-sensitive market, outsourcing underwriting support is often the smarter play. This blog explores how outsourcing reduces costs while improving SLA compliance.
The True Cost of In-House Underwriting Support
- Salaries and benefits ($70k-$90k per assistant underwriter).
- Training and ramp-up costs.
- Coverage gaps from PTO or sick leave.
- Risk of turnover and retraining.
Benefits of Outsourced Underwriting Support
- Cost Savings: 30-40% less than in-house staff.
- Scalability: Surge capacity during renewal seasons.
- Continuity: Backups provisioned automatically.
- Compliance: Work delivered inside AMS with QA tracking.
How Expert Insured Complements Outsourcing
- Automates intake and quote prep.
- Ensures outsourced teams work directly in AMS.
- Tracks SLA performance with dashboards.
- Integrates seamlessly with Selectsys BPO teams.
Use Case Example
A regional MGA outsourced submissions and quote prep, saving $250k annually and cutting clearance time by 60%.
Frequently Asked Questions
Why should MGAs outsource underwriting support?
To reduce costs, increase scalability, and ensure continuity.
How much can outsourcing save?
Typically 30-40% compared to hiring assistant underwriters.
How does Expert Insured support outsourcing?
It automates workflows and ensures outsourced teams execute inside AMS systems.
Appetite & routing is the bridge to quoting in our Value Flywheel.
Streamline your underwriting process with our Underwriting Operations solution. Automate submissions intake, appetite checks, loss run handling, and quote preparation-empowering underwriters to focus on risk decisions, not data entry.
Need underwriting support? Our underwriting support outsourcing provides AI-powered intake, loss run management, appetite checks, and quote preparation-all within your existing systems. Reduce costs, improve turnaround, and scale efficiently without additional hiring.
