Generation Underwriting expands regional broker presence with new digital e-trade platform

Generation Underwriting, a leading MGA specialising in mid-market and SME, part of the WF Risk Group, has announced the launch of its new digital e-trade platform aimed at introducing significant efficiencies and expanding its distribution to regional brokers.

The MGA is forecast to double its growth to £25m GWP by 2026.  The e-trade platform, built by scheme specialist software provider SchemeServe, will initially offer residential and commercial Property Owners, with capacity on a full binding authority coming from its panel which includes A rated insurers. Generation has a range of capacity partners across its suite of products including Brit, Axis, AmTrust, QBE, Irwell, Arag, and Ki.  There are plans to expand the number of schemes offered on the platform to include Retail & Office and Commercial Combined.

Greg Wilde, Managing Director of Generation Underwriting, comments: “We’ve always had a long heritage of expert underwriting working with London Market and Regional Capacity Providers. The founding ethos of the business was to establish an MGA focussed on broker relationships and service. In the last 12 months we’ve made substantial investment in both technology and people to transform our digital capabilities to take us to the next stage in our ambitious growth plan.  Whilst maintaining our traditional values of underwriting expertise and service and innovating through digital deployment we can bring London Market access to regional brokers who remain central to our strategy going forward. Yes, we are ambitious, but we remain part of an independent family run business with partnerships and service at the core of what we do.  There’s a widening gap in the market for quality capacity in the regions; we see great opportunity in those markets for an MGA that can give brokers access to a robust choice of quality capacity and a fast and efficient service.”

“Our partnership with SchemeServe has enabled us to bring our service to brokers anywhere in the UK now.  We’ve overhauled our back office, introducing massive efficiency gains.  It’s early days, but so far, the traction has been eye opening.  We’ve got ambitious growth plans and the technology is nimble and has the capacity to grow with us.”

Sean Neal, Commercial Director at SchemeServe, added: “We are delighted to be partnering with Generation Underwriting.  There are a lot of synergies between us – particularly in our shared commitment to expertise and service.  The new system we have created for them demonstrates the flexibility and scalability of the SchemeServe platform, and how our underwriters (scheme engineers) and Obsessive Support teams work closely with our clients to build bespoke solutions for specialist needs.  We have delivered a transformative solution that enhances the broker proposition and enriches the customer experience.  It has been a pleasure playing a role in bringing this scheme to market.”