Submission to bind, endorsements and renewals, claims under delegated authority, commissions and bordereaux — on one record, with authority limits enforced at the point of decision rather than checked at audit. Built for US MGAs and UK coverholders.
Most MGA software pages answer a narrower question than the one being asked. This is the scope an MGA running on Regure operates across — not a roadmap, and not a list of integrations to other people's products.
Products are configured per programme with their own rate tables, and quotes are built against them rather than in a spreadsheet beside the system. Rating changes are configuration, and rate tables are versioned, so a quote can be explained months later against the rates in force when it was written.
Binding against authority terms, policy issuance, mid-term endorsements and renewals all run on the same record. The policy has one history rather than a folder of documents and a separate note about what changed.
Claims handled within the scope your coverholder or binder agreement allows, with authority limits enforced at the point of decision and the evidence of that sitting on the claim rather than being assembled for an audit later.
Commissions calculated on the terms in the agreement, invoicing off the policy, and the figures reconciling to what was bound rather than being rebuilt at month end.
Premium and claims bordereaux generated from the book on each capacity provider's own template, on their own cadence, rather than compiled by hand each period.
Broker and policyholder portals over the same data, with what each role can see and do configured per operation. Documents are generated in the languages the operation actually works in.
An MGA is judged on what it can evidence, not just what it can process. Each stage below runs on Regure and produces something a capacity provider, a managing agent or a regulator can be shown.
| Stage | What runs on Regure | What it produces | Configurable |
|---|---|---|---|
| Submission intake | Submissions arrive by email, broker portal or API. Documents are classified on structure rather than filename and fields are extracted with a confidence score on each one. | A submission record with the original documents attached | Configured per programme |
| Appetite and referral | Checked against the programme's appetite and the binder's authority terms. Anything outside them is referred with the reason attached rather than rejected silently. | A referral carrying its reason and its decision | Configured per programme |
| Rating | Rate tables are configured per product and versioned, so a price can be explained months later against the rates that were in force when it was written. | A priced risk traceable to a specific rate version | Configured per programme |
| Quoting | Quotes are built against the configured product rather than in a spreadsheet beside the system. Every revision is its own record. | A quote document and its full revision history | Configured per programme |
| Binding | Bound against the terms of the binder, with authority limits enforced at the point of decision rather than checked afterwards. | A binder with the authority check recorded on it | Configured per programme |
| Issuance | Policy documents are generated from the bound record, in the languages the operation actually works in, and signed where a signature is required. | Policy schedule and wording, with the signature event logged | Configured per programme |
| Endorsements | Mid-term changes are made on the same policy record, so the policy carries one history instead of a folder of documents and a note about what changed. | An endorsement with its before, after and effective date | Configured per programme |
| Renewals | The renewal is built from the expiring record and priced on current rates, with the prior year alongside it. | A renewal quote and a like-for-like prior-year comparison | Configured per programme |
| Claims | Claims handled within the scope the coverholder or binder agreement allows, with authority enforced at the point of decision. | A claim file carrying its own authority evidence | Configured per programme |
| Commissions | Calculated on the terms in the agreement and taken off the policy, so the figures reconcile to what was bound instead of being rebuilt at month end. | Commission entries that tie back to the bound policy | Configured per programme |
| Bordereaux and reporting | Premium and claims bordereaux generated from the book on each capacity provider's own template and cadence. | The bordereaux file, per provider, per period | Per provider |
| Audit and oversight | Every action is attributable, versioned and time-stamped as it happens, and what each role can see and do is configured per operation. | An evidence pack assembled by the work, not after it | Configured per programme |
Where the operation runs matters as much as what it does: Regure deploys on regional infrastructure, so data residency is a deployment choice rather than a custom build. See EU data sovereignty and security and infrastructure.
Managing General Agents operate with delegated underwriting authority from capacity providers, binding coverage on behalf of carriers while earning commission on written premium. That model puts three things beyond negotiation: binding fast enough to win the business, staying provably inside the authority granted, and reporting back to capacity on their terms.
When your retained commission is 3-7% after ceding commission to retail brokers, every inefficiency directly impacts profitability. An underwriter spending 3 hours per week manually assembling monthly bordereaux for capacity providers costs $12,000+ annually in lost productivity. Multiply that across a team of 15 underwriters, and you're losing $180,000/year to manual bordereaux assembly alone.
But the bigger cost is opportunity cost. Submissions that take 48 hours to process lose to competitors who quote in 24. Binders that take 2 days to issue after approval lose deals to MGAs who issue same-day. Manual workflows create friction that drives business elsewhere.
A large share of the MGA market still runs core processes on email, spreadsheets, shared drives and manual document handling — not because the operators do not know better, but because the systems built for carriers never fitted the distribution model and the alternative was a bespoke build. That is the incumbent Regure is usually replacing, and the MGAs that move first tend to take share from the ones that do not.
Regure is the insurance document management system for MGAs that automates the processes eating your margins: bordereaux generation, binder issuance, delegated authority compliance logging, and submission-to-quote workflows. Every ACORD submission, binder, endorsement, and bordereaux packet is captured, classified, and versioned in a single evidence-grade store — replacing the shared drives, email folders, and personal PDFs that stall audits.
Not every MGA wants to move the whole operation at once. Extracted submission data, appetite decisions and binding authority checks flow into an existing underwriting workbench by API, so underwriters keep the tools they have while intake, compliance validation and bordereaux generation run on Regure. Both models are supported, and the second is often how the first one starts.
Book a demo with your capacity providers and templates. We'll show you premium, claims, and endorsement bordereaux generated from real transaction data in seconds.
Submissions arrive as email attachments with ACORD forms, loss runs, and exposure schedules. Regure extracts data automatically, routes to the right underwriter, and pre-populates your rating tools — so underwriters spend time evaluating risk, not re-keying data.
ACORD applications (ACORD 125, 126, 127, 130, 131, 140) arrive as PDFs. Regure's AI extracts all fields — named insured, addresses, coverage requested, exposure data, loss history — each field carrying a confidence score. High-confidence fields flow directly into your underwriting workbench or rating engine; anything uncertain is flagged for review first.
For US MGAs processing hundreds of commercial submissions monthly, this extraction eliminates 15-30 minutes of manual data entry per submission.
Not all submissions go to all underwriters. Regure routes submissions based on line of business, coverage type, premium size, and underwriter expertise. Property submissions go to property underwriters. Casualty submissions go to casualty underwriters. Large accounts route to senior underwriters.
This intelligent routing ensures submissions reach the right underwriter immediately — not after sitting in a shared inbox waiting for manual assignment.
Once data is extracted from the submission, it needs to flow into your rating engine (ISO, custom models, or carrier-provided tools). Regure integrates with rating systems via API, pre-populating rating worksheets with submission data so underwriters can generate quotes without re-entering information.
This integration reduces quote turnaround time and eliminates transcription errors that cause re-rates and delays.
Once an underwriter approves a submission, the bind should happen immediately. Regure generates binders from submission data, populates coverage terms, routes for e-signature, and delivers to the broker — in minutes, not days.
When an underwriter approves a submission in your system, Regure extracts the bind decision and generates a binder document automatically. Coverage limits, deductibles, premium, effective dates, and insured information populate from the submission and underwriting notes — no manual re-keying.
For E&S placements where speed to bind is the competitive advantage, this automation reduces bind time from 1-2 days to under an hour. The broker gets the binder while they're still on the phone with the client.
Binders route for e-signature automatically: the underwriter reviews and signs, the operations manager countersigns, and the completed binder is emailed to the broker. All signatures are timestamped and logged in immutable audit trails for compliance evidence.
For brokers who need binders urgently (binding on behalf of the insured that day), e-signature workflows eliminate the bottleneck of physical signatures or scanned PDFs sent via email.
Delegated authority claims software with real-time binder issuance and authority limit controls. Before issuing a binder, Regure validates that the placement is within your delegated authority limits: premium threshold, coverage limit, geographic restrictions, and line of business scope. If a bind exceeds authority, it's automatically escalated to the capacity provider for approval before the binder is issued.
This automated checking prevents out-of-authority binds that create compliance exposure with capacity providers and carriers.
Once the binder is issued and premium is bound, the placement must convert to a policy document from the carrier or capacity provider. Regure tracks binder-to-policy conversion, alerts when policies are overdue, and links issued policies to the original binder for a complete audit trail.
For MGAs managing hundreds of binders monthly, this tracking ensures no binders remain unconverted and exposed to coverage disputes.
Bordereaux automation and reporting for coverholders and Lloyd's MGAs — eliminate manual monthly reporting. Monthly bordereaux reporting to capacity providers is automated: premium, claims, and endorsement data aggregated from processed transactions and formatted per each capacity provider's specifications.
Every MGA with delegated authority must report bound premium, claims, and endorsements to their capacity providers monthly or quarterly. These bordereaux reports show what business was written under the binding authority agreement, what claims were filed, and what reserves were established.
For most MGAs, bordereaux assembly is a manual Excel exercise. An operations analyst pulls data from the policy admin system, formats it per the capacity provider's template, validates totals, and emails the spreadsheet. For an MGA with multiple capacity providers, each requiring different formats, this process takes 2-4 days every month.
Regure automates the entire bordereaux workflow:
For US MGAs, this includes surplus lines tax bordereaux showing stamping fees and tax calculations per state. For Lloyd's coverholders, this includes delegated authority compliance evidence packages formatted for syndicate review.
Capacity providers and carriers audit your delegated authority usage. When they ask for proof that every bind was within your authority, Regure produces complete evidence in seconds — not weeks of manual record compilation.
Operating under delegated authority means your binding decisions are trusted by capacity providers — but that trust is verified through audits. Capacity providers audit MGAs annually (sometimes quarterly) to ensure compliance with the binding authority agreement: premium limits, coverage terms, geographic restrictions, and claims handling authority.
When an audit request arrives, most MGAs scramble to compile evidence. They pull policy records from the policy admin system, cross-reference against the binding authority agreement, validate that each placement was within scope, and assemble documentation packages proving compliance. This process takes weeks and diverts underwriting resources to audit preparation.
Regure eliminates this scramble by logging compliance evidence in real time as binds happen:
For Lloyd's coverholders, Regure provides the compliance evidence Lloyd's expects during delegated authority reviews — including proof that all binds were within binding authority slips and that claims were handled per coverholder agreements.
One coverholder operation, three products, configured end to end. Named references are available under NDA during procurement.
Three insurance products configured on Regure, covering the operation end to end — from quoting through to Lloyd’s reporting — on Swiss data residency.
Regure runs separate infrastructure per region, so data residency is a deployment choice rather than a custom build.
Regure is the insurance distribution management software MGAs use to consolidate the systems that don't belong scattered across spreadsheets, email folders, and disconnected admin tools. One MGA platform for submissions, binding, bordereaux, compliance, and claims — built for the distribution model MGAs actually operate, not retrofitted from a carrier-side policy admin system.
Traditional MGA management systems were policy admin platforms bolted with binding workflows. Regure is built for the MGA distribution model from the ground up: delegated authority logic embedded everywhere, bordereaux generation as a first-class workflow, capacity-provider reporting as a permanent fixture — not a quarterly Excel project.
For MGAs that have outgrown their policy administration system, Regure can run the binder end to end — quoting against binder terms, issuance, endorsements, claims, commissions and bordereaux. Migration can proceed by product or binder, with the incumbent exchanging data only for the records still in transition. See the policy administration platform overview.
Wholesale brokers with binding authority, program administrators running full programs, underwriting-only MGAs reporting to carrier claims teams, dual-authority MGAs operating across US and Lloyd's markets — every MGA structure has different distribution-management needs. Regure configures to the model, not the other way around.
Multi-capacity bordereaux templates, dual delegated-authority limits, separate claims and underwriting authority workflows — modeled in the platform without custom development.
As the operating platform. The MGA runs on Regure: products and rating configured to your programs, quoting against binder terms, issuance, endorsements, renewals, claims, commissions, invoicing and bordereaux, with broker and policyholder portals over the top. MGAs that have outgrown a stretched admin tool, or that never had a core to begin with, usually take this route.
Controlled transition from the incumbent. Regure can take submission intake, binding authority validation, bordereaux and compliance evidence first, with agreed data passed to the PAS or accounting system during migration. Each phase defines when Regure becomes authoritative and which legacy workflow is retired.
Neither is the lesser option. The deciding question is whether you want to carry on running the incumbent, not how far along you are.
For UK coverholders operating under Lloyd's binding authority slips, Regure provides the audit-ready evidence Lloyd's expects: documented binding within authority slip terms, claims handling within coverholder agreement scope, and delegated-authority audit packages exportable for syndicate or managing agent review. See UK & Ireland insurance solutions for the full FCA Consumer Duty + Lloyd's coverholder framework.
A traditional PAS focuses on policy, rating and financial transactions. An MGA platform must also control submission intake, binding authority, capacity reporting, bordereaux and delegated-authority evidence. Regure does both jobs, allowing an MGA to migrate the binder lifecycle onto one operating platform and retire the fragmented systems and manual processes it replaces. See the PAS glossary entry for the detailed comparison.
Yes. Products and rating, quoting, issuance, endorsements, renewals, claims, commissions, invoicing and bordereaux can all run on Regure, with broker and policyholder portals over the same record. Migration can be phased by product or binder, with integrations supporting transition until the incumbent workflows and systems for that scope are retired.
Yes. Regure supports the US MGA model (surplus lines, state-by-state stamping office requirements, US carrier bordereaux formats) and the UK coverholder model (Lloyd's binding authority slips, FCA delegated authority compliance, syndicate audit packages, coverholder agreement scope tracking) — often in the same instance for MGAs operating on both sides of the Atlantic. US MGA solutions and UK & Ireland insurance solutions describe each market in depth.
Yes. Regure supports custom bordereaux templates for each capacity provider — Lloyd's syndicates, US carriers, reinsurers, and European capacity providers. You configure the format once per capacity provider, and monthly bordereaux generate automatically from transaction data. Bordereaux can be delivered via email, SFTP, or API integration.
When an underwriter approves a submission, Regure generates a binder document from the submission data and underwriting notes. Coverage terms, premium, effective dates, and insured information populate automatically. The binder routes for e-signature, and the signed binder is emailed to the broker — often within an hour of the bind decision.
Yes. Configure your binding authority limits (premium cap, coverage limits, geographic restrictions, line of business scope) in Regure, and the system validates every bind against those limits. Out-of-authority binds are flagged and escalated to the capacity provider for approval before the binder is issued — preventing compliance exposure.
Yes. Regure's AI extracts all fields from ACORD 125, 126, 127, 130, 131, and 140 forms, each field carrying a confidence score. High-confidence fields flow into your underwriting workbench or rating engine without re-keying; anything uncertain is flagged for review first. See workflow automation.
Regure provides complete compliance evidence packages for Lloyd's delegated authority reviews: all binds during the audit period with validation that each was within binding authority limits, claims handling records showing compliance with coverholder agreements, and audit trails proving all actions were logged and traceable.
A mid-size MGA with 15-30 users (underwriters, operations staff, management) would typically run the operations platform, scoped to the products and configuration in play — including AI document processing, bordereaux automation, binder issuance, and compliance logging. See full pricing details.
Regure pricing for MGAs is scoped rather than listed per seat: a platform fee set by the modules you run, the number of products and the workload, plus a one-time configuration scope. A focused starting point costs materially less than a full deployment including bordereaux automation, delegated authority controls, and advanced analytics. Contact us for a custom quote based on your claims volume and team size.
Book a 20-minute demo with your actual submissions and bordereaux requirements. We'll show you automated data extraction, binder issuance, and compliance logging — with your data.