NEC Specialty (NECS), an impartial managing common company (MGA), has carried out the Skilled Insured Coverage Administration platform, a system designed for MGAs and wholesale insurance coverage distributors.
The transition follows NECS’ separation from its former mum or dad firm, Northeast Coverages, which was acquired by Acrisure in 2023.
NECS continues to function independently.
The Skilled 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 help environment friendly submission dealing with, cut back handbook processing and enhance response instances to brokers, whereas sustaining underwriting oversight.
NECS said that the brand new system offers transparency round submission and quote processes, in addition to improved coordination throughout inside groups.
NECS president Robert Mangi stated: “We spent months evaluating practically each platform available on the market. Skilled Insured was the one one that really understood how MGAs function and what we have to succeed. We’re excited to be dwell on a system that displays our imaginative and prescient for the long run – quicker, smarter and constructed for the best way enterprise actually works.”
Skilled Insured CEO Spencer McDonald said: “We’re thrilled to have NECS be a part of the Skilled Insured platform. Now we have constructed a system for the subsequent technology of MGAs – designed to satisfy the velocity and complexity of as we speak’s market whereas supporting the distinctive workflows and desires of each workforce.”
