Xceedance, a global leader in insurance sector support, technology, and data services, has unveiled its latest innovation, the MGA Agility Suite.
The MGA Agility Suite has been developed to revolutionise the operations of program administrators, managing general agents (MGAs), and managing general underwriters (MGUs), enhancing market presence and operational efficiencies.
It offers comprehensive digital solutions to streamline underwriting processes, claims management, and policy administration for MGAs, fostering scalability and innovation.
The product comes with a litany of key features, including:
- Platform Integration for quick market entry and scalability.
- Technology Integration for digitised end-to-end processes.
- Licensed MGA Shell for cost-effective market entry.
- Data Integration for actionable insights.
- Operations Services for comprehensive strategic support.
Michael Parcelli commented, “The MGA Agility Suite represents a pivotal advancement in how MGAs can leverage technology to enhance operational capabilities and market responsiveness. Our suite is not just a set of tools; it’s a comprehensive ecosystem designed to support MGAs in their quest for efficiency, scalability, and competitive advantage. With decades of experience in the insurance sector, I’ve witnessed the transformative power of technology and am excited to lead the deployment of this innovative solution that addresses the nuanced needs of MGAs and MGUs.”
Parcelli brings extensive experience to drive the success of the MGA Agility Suite, having held senior roles for nearly 40 years in underwriting, claims, and technology at insurance carriers, brokers, and MGA distribution channels.
Travis MacMillian, president of Americas at Xceedance, said, “Under Michael Parcelli’s seasoned leadership, this suite is set to redefine industry standards, providing MGAs with an unparalleled platform that integrates cutting-edge technology and data-driven insights. Our focus remains steadfast on enabling our clients to surpass their operational goals while maintaining agility in the dynamic insurance landscape.”
As a trusted partner, Xceedance offers holistic support in technology adoption, analytics, claims management, and policy administration. The MGA Agility Suite is a testament to the company’s commitment to advancing the insurance industry through innovative solutions and expert leadership.
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