How Modern MGAs Manage Multi-Carrier Operations
MGAs rarely work with a single carrier. They manage multiple programs across states and lines. Without the right system, multi-carrier operations mean complexity and risk. This blog shows how modern MGAs manage multi-carrier operations efficiently.
Challenges of Multi-Carrier Operations
- Different rules by carrier and program.
- Multiple portals and spreadsheets.
- Fragmented accounting and commissions.
- Inconsistent reporting.
What MGAs Need for Multi-Carrier Operations
- Centralized platform: one system for all programs.
- Compliance workflows: appetite, endorsements, renewals.
- Bordereaux: automated carrier reporting.
- Scalable accounting: premium reconciliation and commission splits.
How Expert Insured Supports Multi-Carrier Operations
- Consolidates submissions, endorsements, and renewals.
- Provides audit-ready logs for every carrier.
- Automates bordereaux reporting.
- Supports role-based access by carrier, program, or line.
Use Case Example
A Texas MGA using Expert Insured expanded from 2 to 7 carrier programs without adding back-office staff. Endorsement turnaround times stayed under 4 hours.
Frequently Asked Questions
Why are multi-carrier operations challenging for MGAs?
Different rules, portals, and reporting requirements create inefficiencies.
What’s the solution for managing multiple carriers?
A centralized MGA Operations Platform that handles submissions, renewals, accounting, and reporting.
Can Expert Insured support multiple carriers and programs?
Yes. It supports multi-carrier quoting, issuance, endorsements, and bordereaux.
Streamline your MGA operations with our MGA Operations Platform, centralizing submissions, policy administration, endorsements, and renewals in one system.
Overwhelmed by back-office tasks? Our back-office support services streamline premium accounting, audits, and reporting-so your team can focus on growth.
Tired of manual bordereaux reports? Our bordereaux & premium processing solution generates audit-ready reports directly from live policy data, automates reconciliations, and removes spreadsheet headaches.
