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MGA Lares launches new household insurance product with Go-Insur
London-based MGA Lares has launched a new household insurance product this month using the Go-Insur platform.
We’re delighted to welcome another MGA client into the Go-Insur fold with specialist MGA Lares choosing Go-Insur to support their plans in the non-standard home insurance space. Lares’s initial Unoccupied product is the first in a series of non-standard household products with more to come over the course of 2022/23.
The engagement with Lares is significant for Go-Insur because it aligns the solution with sector-defining Polaris standards and is the first collaboration with broker platform OpenGI and EDI service provider TrueCommerce. This is a game-changer for Lares and other Go-Insur MGA clients looking for large-scale market distribution and volumes.
Mike Fenton, Director at Lares, says “We needed a versatile insurance platform to maximise our distribution ambitions via established channels like OpenGI and directly with brokers via our own portal. Go-Insur has delivered on both fronts".
"I’ve been impressed with the speed and smoothness of the implementation. From commission to go-live has been 12 weeks. This is good going given the regulatory and technical hoops we’ve had to navigate”.
We needed a versatile insurance platform to maximise our distribution ambitions via established channels like OpenGI and directly with brokers via our own portal. Go-Insur has delivered on both fronts. Mike Fenton, Director, Lares
Brokers can quote & bind either directly on Lares's Go-Insur portal - with a cutdown question set - or for annual and renewing business quote via the full question set on OpenGI. Go-Insur teamed with TrueCommerce to enable the EDI links with OpenGI.
Simon Fenn, Director at Pancentric Digital and owners of the Go-Insur solution, says:
“The alignment with Polaris standards and the collaboration with OpenGI is an exciting moment for our insurance solution. We can now realise significant growth opportunities for Go-Insur clients. It’s exciting to see the first Lares product already transacting via the portal and we look forward to rolling out the rest of their product roadmap during 2022/23”.
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