NEC Specialty (NECS), an unbiased managing normal company (MGA), has carried out the Knowledgeable Insured Coverage Administration platform, a system designed for MGAs and wholesale insurance coverage distributors.
The transition follows NECS’ separation from its former father or mother firm, Northeast Coverages, which was acquired by Acrisure in 2023.
NECS continues to function independently.
The Knowledgeable Insured platform consolidates coverage administration, workflow coordination, dealer relationship administration, buyer relationship administration and accounting right into a single system.
Its adoption is meant to assist environment friendly submission dealing with, scale back handbook processing and enhance response occasions to brokers, whereas sustaining underwriting oversight.
NECS acknowledged that the brand new system supplies transparency round submission and quote processes, in addition to improved coordination throughout inside groups.
NECS president Robert Mangi mentioned: “We spent months evaluating practically each platform available on the market. Knowledgeable Insured was the one one that actually understood how MGAs function and what we have to succeed. We’re excited to be stay on a system that displays our imaginative and prescient for the longer term – sooner, smarter and constructed for the way in which enterprise actually works.”
Knowledgeable Insured CEO Spencer McDonald acknowledged: “We’re thrilled to have NECS be a part of the Knowledgeable Insured platform. Now we have constructed a system for the following technology of MGAs – designed to fulfill the pace and complexity of in the present day’s market whereas supporting the distinctive workflows and wishes of each group.”
