London, UK - Using INSTANDA’s automated and online quote and bind system, makes light work of writing a policy for MGAM. It is quick, guarantees regulatory compliance, and automatically produces all policy documentation, bordereau and invoicing. This brings significant cost savings to coverholders and brokers.
Sophisticated insurance technology
MGAM Ltd was quick to embrace INSTANDA and now boosts a sophisticated insurance technology solution. It provides carriers and brokers with an integrated management system for writing low cost, high volume insurance business.
As testament to this, MGAM launched MGAM Events which gives coverholders and brokers the ability write all the cover that is normally required by event insurance
Jason Anthony, CEO of MGAM Limited said: “As we were moving into the time of year when events are taking place, we thought it was a great opportunity to launch a product. MGAM Events is designed for busy event management companies, country show organisers, a range of exhibition and public events organisers who need full insurance cover quickly and effortlessly.”
Flexible product innovation
A flexible product, MGAM Events includes employers’ liability, event equipment, abandonment, cancellation or postponement available as standard. Product extensions are also available, including added cover for overseas work and damage to venue.
The MGAM Events product can be white labelled and with its levels of automation, provides and easy to use, one-stop solution. It enables a fully automated, full cycle service covering new business, renewal, mid-term adjustments and cancellations with instant full management reporting.
“Using our automated and online quote and bind system, writing a policy is quick and is also guaranteed to comply with all regulatory needs.”