Socotra, a provider of core insurance platforms, announced that Ledgebrook, an insurtech MGA focused on the excess and surplus (E&S) market, has selected Socotra policy core platform to improve broker experience.
The solution will help provide wholesale brokers with a faster and simpler quoting experience, as well as pricing and risk selection.
Ledgebrook focuses more on wholesale brokers segment, who often face a long and difficult quoting experience to place E&S policies due time-intensive underwriting processes.
With Socotra, Ledgebrook can streamline administrative tasks and manual underwriting processes and empower underwriters to quote up to five times as much business as they previously did. This will result in faster response times and a simpler, more consistent quoting experience.