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.
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.
