Xuber for MGAs Enables Castel Underwriting Agencies Limited to Manage and Report on its Entire MGA Business Lifecycle—from New Business Capture through Accounting and Renewals
LONDON, 24 August 2016 – Xuber, the insurance software business of Xchanging, a CSC Company (NYSE: CSC), today announced the successful delivery of Xuber for MGAs1 for Castel Underwriting Agencies Limited (Castel). Xuber for MGAs is a flexible platform that enables Castel to provide and manage services for its portfolio of underwriting cells on a single system.
Xuber for MGAs provides Castel with a user-friendly, digital platform delivering an integrated front-end and back-end system, including a portal for broker access. The result is a centralized solution supporting regulatory, claims, accounting and analytics services, as well as bureau ACORD messaging.
The flexibility of the solution makes it easier for Castel to work with and support entrepreneurial underwriters and underwriting teams in building their MGA businesses.
“Castel is an ambitious business and we are constantly seeking ways to build on our successful portfolio of underwriting cells and improve the efficiency of our operating model,” said Mark Birrell, Castel’s chief executive officer.
“Automating our end-to-end operational, accounting and reporting processes will further enhance our ability to expand our business,” Birrell added. “Xuber for MGAs provides comprehensive functionality and the capacity to deliver an adaptable solution quickly, which will add significant value to the services we deliver to our underwriting cells. Working in close collaboration with Xuber has enabled us to complete the project on time and within budget.”
Phil Race, chief sales and marketing officer for Xuber said: “As part of the selection process we took the time to meet all of the Castel business stakeholders to clearly understand their specific requirements and business needs. A common understanding of specific requirements and Castel’s goals forms the foundation of our partnership, and we now look forward to seeing Castel thrive with the use of Xuber for MGAs – as well as a long relationship with the team at Castel.”
For further information, please contact:
Tel: +44 (0)20 3604 3093
For Castel Underwriting Agencies
Tel: +44 (0)20 7100 3960
Notes for Editors
- Xuber for MGAs was previously called OPEN Core Platforms: MGA, and has been rebranded recently.
Xuber for MGAs is part of the Xuber portfolio, configured for Managing General Agents to provide an agile, end-to-end policy administration solution allowing each MGA to manage and report on every stage of the policy lifecycle, including underwriting, accounting and claims, for all major classes of business.
Xuber is an international software house that has been a trusted provider of innovative specialist commercial insurance software, end-to-end, for over 40 years. Xuber forms part of Xchanging, a CSC Company, the business technology and services provider. Follow us on Twitter, LinkedIn and Google +.
Castel Underwriting Agencies Limited, a member of the Barbican Insurance Group of companies, is a managing general agent (MGA) and club-style MGA formation platform focused on achieving success and driving innovation through collaboration. It provides experienced and entrepreneurial underwriters with stable capacity and a fast-track route to creating their own businesses. Castel is authorised and regulated by the Financial Conduct Authority. www.castelmga.com