Fidentia Insuretech – Insurer MGA management

Fidentia InsureTech- Insurer MGA management

HydraGRC > Solutions > Fidentia InsureTech- Insurer MGA management

Through our years of partnership with Fidentia Insuretech, we are able to offer a system for Insurers to manage their Managing General Agents portfolio with Onboarding, Audit, Controls and Business-as-Usual reporting.

MGA Management

End to end strategy management solution
supporting effective risk based decision
making at Insurer level in managing their
portfolios, from on-boarding to day-to-day
management.

MGA Onboarding

Assesses the suitability of agents in line with the Insurers risk appetite.
Focuses on strategy, conduct risk and core underwriting principles.
Approvals via Governance before formalising the binder agreement.

MGA Business as Usual

Monitoring of agents performance in terms of risk appetite and management tolerances
A key qualitative input into the ORSA process

MGA Auditing

Internal audit management system aligned to risk category
Remote audits and MGA self-assessment improves efficiency and reduces cost.

Controls Monitoring

Proactive monitoring of MGA adherence to key controls and compliance expectations
Supporting the identification of individual and systemic control issues.
Identification of individual and thematic issues

Capital

Provides monitoring of the potential
capital effect relating to deviations to the
risk profile

GDPR

GDPR readiness assessment

Project plan

Follow up based on a specific skillset

Monitoring the progress of the plan

On going compliance monitoring

Business Intelligence

BI based on audit, control and business
as usual results.

Supports Microsoft Power BI

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