Jacqueline McNamee's MGA goes live with underwriting platform

Insurtech MGA C-Quence has made its underwriting platform live.

Its chief executive, ex-AIG boss Jacqueline McNamee, said: “We believe it sets a new industry standard for underwriting service.”

The platform called C-Q Elements makes it easy for brokers to deliver commercial insurance quickly at a lower cost.

The firm also released its management liability product – ML⁵ which enables brokers to combine management liability cover with up to four other covers while tailoring options per module to suit needs.

The platform

C-Q Elements includes the use of third-party data to ask fewer questions for quotes. It also features underwriting and sanction checks.

It claims its referral recommendations reduce administrative costs speeding up underwriting decisions.

McNamee explained: “Having started on 1^st March last year I am proud with what our talented team have achieved in such a short space of time.

“I am extremely grateful to the broking firms that helped us develop C-Q Elements. Their pre-release testing and positive feedback was key to delivering a trading platform that effectively meets broker needs.”

Management Liability cover

ML⁵ claims to use “short, simple and clear” wording to make policies easier to understand.

And it can seamlessly integrate endorsements with policy wordings.

McNamee added that the speed at which C-Quence achieved its first major goal gives her confidence that the business will grow rapidly this year.

This includes delivering a property and casualty (P&C) suite with similar lines to ML⁵.

 McNamee previously worked at AIG as chief executive but left in 2015, founding C-Quence after.