2019 OCT 30 (NewsRx) -- By a
The non-standard auto MGAs are equally affected by the technology transformation influencing the entire insurance industry. To be meaningful for both the upstream insurers and downstream brokers, agents, and customers, the shrink-wrapped version of the Beyontec Suite is tailored-made to enable MGAs to transition faster to a digital process with minimal changes to existing processes.
Beyontec has been focused solely on the insurance industry for the past twelve years, working with insurers and MGAs and assisting them leverage digital for improved process efficiency, faster go-to-market time for new products, increased premium income, and improved underwriting results.
Speaking about the new version of the Suite, Mr.
The shrink-wrapped version of the Beyontec Suite comes with a pre-built business rules engine that takes into consideration all the business functionalities and future needs of non-standard MGA business across distribution, policy administration, billing, and claims functions. The highly configurable rating engine allows non-standard auto MGAs to adjust rates quickly to suit the market requirements. The shrink-wrapped version also connects the non-standard auto MGA business with insurers and other external systems and interfaces like mobile apps and agent and customer portals, offering agents and customers the convenience of policy management and premium payments. With the cloud-based model, Beyontec Suite is readily deployable, lowering upfront investments and freeing up IT resources for more critical tasks. About Beyontec Solutions Headquartered in
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