MGA Professional Services
The core mission of the Innovex team is to solve the critical issues facing its clients, both large and small. Our unique approach not only differentiates us but is the defining characteristic that makes us successful. We provide a broad range of services and solutions to help organizations facilitate change, achieve their vision and optimize performance and productivity.
MGA Governance
& Strategic Development
Executive level strategic planning & infrastructure development, along with access to a broad network of domestic and foreign insurance carriers, capital resources, business development strategies, financial modeling, talent recruitment, and regulatory & licensing professionals. Innovex combines its broad insurance industry network with a hands-on approach to understanding each client's challenges and working alongside the client team to provide practical and focused solutions.
Carrier Introductions
& Negotiations
We have a wide network of contacts with specialty insurance carriers, reinsurance companies and MGA program managers throughout the U.S., London, Bermuda and Europe. Services extend beyond client introductions to successfully secure market capacity, negotiate binding authority terms and contract with each market to secure underwriting capacity in accordance with client needs.
Financial Modeling
& Business Projections
We develop complete financial management models, business distribution & revenue growth strategies and capital management models. These models are tailored to client requirements and adapted to serve as business benchmarking systems, profitability analysis, marketing & distribution monitoring, data & business analysis and underwriting profitability.
Insurance Product Forms
& Guidelines Design
Expertise in policy form & endorsement drafting, underwriting & claims guideline development, operations & processing workflow design and business analysis mechanisms. Innovex's legal and regulatory experts ensure the highest level of product quality and market acceptance. The Innovex technology team has expertise with advanced workflow integration to achieve advanced information architecture within the constraints of each client.
Insurance Business Workflows
& Technology
Tailored business production and solutions for underwriting, claims, and business processing challenges. Production systems feature integration of technology tools and assessment of available client relationship management (CRM) vendors and policy management systems (PMS) vendors. Services are delivered as a full-service solution or modular, task-specific solutions.
Licensing & Regulatory Compliance
Our regulatory compliance unit provides full licensing, reporting, and insurance compliance capabilities in all 50 states for both Admitted and Non-Admitted platforms.
