Pioneering MGA: algorithmic underwriting for SMEs

01-12-2022

Pioneering MGA: algorithmic underwriting for SMEs

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‘Pain points’ in the insurance ecosystem and the global pandemic led startup MGA Aurora to harness the power of algorithmic underwriting, says CEO Jan-Vincent Finn.

On November 14, 2022, managing general agent (MGA) Aurora went live with a digital commercial insurance platform based on what some would call a pioneering underwriting process.

The platform, aimed at micro, small and medium-sized businesses (SMEs), has a simple goal: to give SMEs access to the kind of premium insurance products previously available only to larger businesses.

The execution of this goal is less simple and relies on algorithmic underwriting.


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