Mission Underwriters launches platform to promote innovation in P&C market

Mission Underwriting Managers (Mission Underwriters) has launched a platform that is intended to promote innovation in the property and casualty (P&C) underwriting and distribution market.

Mission Underwriters acts as a licensed insurance general agency with a broad focus across the commercial lines segment. It recruits best-in-class underwriters, providing them with technology, back-office processes, claims management oversight and risk-bearing capacity. This, it said, allows underwriters to focus on serving their customers and growing their business.

Underwriting teams will significantly share the equity upside created by their individual programme’s performance, alongside Mission Underwriters. The platform’s digital strategy mindset and a service-first delivery model allows underwriters to experience limited execution risk but not opportunity, it said, increasing speed to market and increasing underwriting efficiency.

Mission Underwriters argued that recent years have brought major disruption to the insurance market. This has “has created compelling opportunities for great teams to serve new customers,” it said. “Yet building, running, and scaling an underwriting business has remained out of reach for many due to bureaucratic processes and misaligned risk incentives.”

"Mission Underwriters has a team of professionals to get underwriters up and running quickly and we have partnered with a syndicate of AM Best A-rated primary and reinsurance carriers to provide long-term, tiered capacity to the group," said Chris Jones, Mission Underwriters' chief client officer.

Keith Higdon, chief executive officer at Mission Underwriters, said: "We look forward to working with entrepreneurial underwriters who seek a path to establishing their units under the Mission Underwriters approach."

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