Insurity targets European MGAs with reporting and localisation push

Insurance technology firm Insurity is targeting European MGAs with an expanded technology offering that combines local currency and language capabilities with more consistent reporting to capacity providers.

Olly Venables, strategic solutions director at Insurity, told GR the company sees an opening in a fragmented market where growing MGAs need systems that support both expansion and their obligations to carriers.

“We don’t believe there is a recognised number one tech provider for MGA systems in Europe,” he said, speaking at RVS 2026 in Monte Carlo.

Its principal vehicle is Pro Suite, an MGA platform incorporating policy administration, an underwriting workbench and an integrated general ledger, with additional distribution and claims capabilities.

Venables (pictured) observed the platform serves business headcounts ranging from just a few to hundreds of people.

Insurity has been working with a strategic partner on multi-currency functionality, addressing a previous restriction to US dollars.

Multi-language capabilities are also planned. While English can support business in Benelux and the Nordics, Venables sees local-language systems as essential to reaching markets such as France, Italy and German-speaking Europe.

Expansion will depend partly on systems integrators and advisers providing local expertise, supplementing Insurity’s relatively small UK operation.

The opportunity extends beyond helping MGAs write more business. Venables argued that carriers must maintain oversight of their delegated portfolios, with technology providing the information needed to support that relationship.

“What we do have is a core solid foundation that allows them to write the business they need to do and produce the reports and details they need for their carriers to support that process,” he said.

He was careful to distinguish that operational support from underwriting performance: “It’s not in of itself going to make people into better underwriters.”

Insurity is looking to incorporate a new Lloyd’s reporting standard as the default basis for bordereaux produced by its platform, while allowing customers to adapt or supplement the output.

Technical capability alone, however, does not determine how data moves between organisations.

Venables noted that Insurity’s API management layer could transfer information without producing a conventional bordereau, but many recipients still wanted to review an Excel document before accepting the data into their systems.

The company is also selective about the MGAs it supports. Venables said Insurity tends to favour businesses writing multiple lines, viewing the growth prospects of some single-line specialists as more constrained.

With customer acquisition costly, longevity matters to Insurity’s plans: growing clients can buy additional services and justify greater investment in support.

“We do try to pick people that we think is going to be a lasting relationship,” he added.