Episode 19: Technology Builds A Brand New MGA For Insurers

The role of the Managing General Agency is rapidly shifting into one of even greater importance for insurers. Companies, especially property and casualty carriers, are coming to depend on them even more.

The benefit of digital transformation is evident in how fast MGAs can quote and bind, underwrite and issue policies today, relieving carriers of many of the processing costs that help to swell expense ratios.

In this episode, we discuss why and how this technology is having such an impact on insurers and MGAs and how it’s re-shaping the entire field. Our guest is Donn Vucovich, Gerent’s Insurance Practice Lead, an industry veteran with more than 30 years in the insurance field, creating and implementing technology solutions for carriers and MGAs.

The role of the Managing General Agency is rapidly shifting into one of even greater importance for insurers. Companies, especially property and casualty carriers, are coming to depend on them even more.

The benefit of digital transformation is evident in how fast MGAs can quote and bind, underwrite and issue policies today, relieving carriers of many of the processing costs that help to swell expense ratios.

In this episode, we discuss why and how this technology is having such an impact on insurers and MGAs and how it’s re-shaping the entire field. Our guest is Donn Vucovich, Gerent’s Insurance Practice Lead, an industry veteran with more than 30 years in the insurance field, creating and implementing technology solutions for carriers and MGAs.

Topics covered during this episode include: 

02:13 – A single, digital platform to bring in business from multiple distribution channels and process it quickly and easily.

04:18 – Salesforce technology streamlines intake and allows fast quote, bind, and issue on a single platform.

07:12 – How digital solutions positively impact the expense ratio.

15:10 – Why money is flowing into MGAs today.

21:14 – The future of the MGA in a digital world.

Episode Guests:

Donn Vucovich

Insurance Practice Lead, Gerent

Donn Vucovich is a multidimensional business executive with 30 years of deep experience in the insurance vertical. He has successfully led organizations through numerous transformations by leveraging his ability to develop and execute operational and technical strategies, deliver hands-on leadership, and offer sharp financial acumen. As Gerent’s Insurance Practice Lead, he serves as a trusted advisor to senior executives in the insurance industry.