New MGA platform targeting European insurance market launches

Germany-based insurtech company GMBC has launched a new master managing general agent (MGA) platform for the European insurance market.

The platform, called Ekkore, connects underwriting agencies to insurers and reinsurers for non-life business within the European Economic Area.

Ekkore is a next generation platform that takes charge of data management, administration, cash, reporting, portfolio performance monitoring, regulatory and compliance.

“Ekkore is a well-thought-out product that addresses an increased interest for the MGA business model we have seen in the market during recent years, both on the insurance capacity demand and supply sides,” said Sergey Grazhdankin, co-founder and managing partner of GMBC.

“One of the pivotal features is its multi-dimensional character. By reliably tackling the operational complexity, Ekkore serves as a key success factor for any party involved into an MGA project, either an underwriting agency itself, a broker, an insurer or a reinsurer.”