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GMBC launches a new MGA platform for the European market

  • Publish Date: Posted about 5 years ago
  • Author:by Alan Jarque

GMBC, a Germany based insurtech company has recently launched a new master managing general agent platform (MGA), Ekkore.

This has a focus for the European market and its objective is to connect underwriting agencies to insurers and reinsurers for non-life business in the European Economic Area.

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

Co-founder and managing partner of GMBC, Sergey Grazhdankin, commented: “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. 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, an underwriting agency itself, a broker, an insurer or a reinsurer.”