OneAdvent, a specialist managing general agent (MGA) services platform, has formed a strategic partnership with Diesta, a payment operations platform designed for intermediated insurance.
This collaboration aims to transform how premium payments are processed across the MGAs using OneAdvent’s infrastructure, according to InsurTech Insights.
The partnership has been established to resolve persistent inefficiencies within insurance payment workflows, which have traditionally suffered from manual processes, delays, and a lack of transparency. By integrating Diesta’s technology directly into OneAdvent’s operational model, the companies hope to deliver faster, clearer, and more scalable premium processing for MGAs.
OneAdvent offers a comprehensive services platform tailored specifically to MGAs, helping them grow by reducing operational complexity and enabling scalability. Diesta, on the other hand, provides a payment operations platform that automates reconciliation and remittance for intermediated insurance, delivering real-time insights into premium cashflows and payment statuses.
The integration embeds Diesta’s infrastructure into OneAdvent’s model, delivering structured insights and automation around premium cashflows, such as tracking outstanding, unallocated, and ready-for-payout premiums. The goal is to remove manual processes and improve control over cashflow across complex underwriting systems. The new model allows for real-time visibility and better reporting, addressing the needs of modern MGAs.
Currently, the integration has been rolled out to a selected group of MGAs, with plans to extend it further in the coming months. This comes as MGAs face mounting pressure from carrier partners and investors to deliver transparent, fast, and clean management data, making efficient payment systems more critical than ever.
Julian Schoemig, Diesta CEO, said, “Premium processing has traditionally been a manual, opaque, and delay-prone function. For MGAs trying to scale, this creates serious friction both internally and across external partner networks. By integrating Diesta’s payment layer into OneAdvent’s robust operating model, we’re enabling faster reconciliation, clearer reporting trails, and real-time visibility over premium cashflows. This will directly impact growth and trust between payment partners.”
Tim Quayle, OneAdvent CEO, said, “Our mission has always been to support MGAs in removing operational friction and focusing on what they do best – underwriting, scalability, and innovation. Diesta brings a cutting-edge solution to one of the most painful areas in insurance operations: getting cash to move fast and reliably. Employing this type of smaller, smarter tech gives us back valuable time with clients. Together, we’re raising the bar for MGAs.”
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