NEC Specialty Inc. Implements Expert Insured to Enhance Policy Management and Underwriting

NEC Specialty Inc. Implements Expert Insured for Efficient Policy Management

In a significant move that underscores its commitment to innovation, NEC Specialty Inc. (NECS) has officially adopted the Expert Insured Policy Management platform. This advanced system, driven by artificial intelligence, is tailored specifically for managing general agencies (MGAs) and wholesale distributors. The implementation of this technology marks a new chapter for NECS, a leading MGA providing services primarily to brokers across the East Coast.

With the launch of this platform, NECS aims to enhance its operational efficiency, streamline broker submissions, and ultimately improve service delivery to clients while adhering to stringent underwriting practices. This announcement comes at a pivotal time for the agency, which has operated independently since separating from its former parent company, Northeast Coverages Inc., post-acquisition by Acrisure in 2023.

Robert Mangi, President of NECS, expressed enthusiasm about the new partnership with Expert Insured. He stated, "We spent months evaluating nearly every platform available, and Expert Insured was the only one that truly understood the intricacies of how MGAs function and what we need to thrive in this competitive market." This sentiment reflects NECS’s dedication to positioning itself ahead in an increasingly digital and rapidly changing insurance landscape.

The Expert Insured platform promises a comprehensive approach to policy management, encompassing workflow efficiencies, task and relationship management, customer relationship management (CRM), along with integrated accounting functions—all housed under one roof. For NECS, this means improved process handoffs within teams, enhanced visibility on submissions and quotes, and expedited responses to their network of agents without sacrificing quality or underwriting standards.

Spencer McDonald, the CEO of Expert Insured, echoed a similar excitement, stating, "We're thrilled to have NECS join the Expert Insured platform. Our system is designed specifically for the next generation of MGAs, catering to the growing complexities and speed of today’s insurance market while supporting the unique operational needs of each team."

As this innovative platform goes live, it symbolizes NECS's continuous growth and commitment to improving its services. The adoption of Expert Insured not only aligns with NECS’s vision of modernizing insurance operations but also positions the agency at the forefront of digital advancement within the wholesale insurance sector. This strategic implementation is set to bolster NECS's capacity to adapt and lead amidst the demands of a technology-driven environment.

NEC Specialty Inc. has established itself as a full-service MGA, offering specialized lines solutions marked by speed and reliability. The company boasts a highly skilled underwriting team, which is essential for evolving and maintaining the standards expected in the brokerage landscape. By enhancing operational capabilities and efficiency, NECS takes proactive steps to ensure its leadership in the market.

Looking ahead, the collaboration between NEC Specialty Inc. and Expert Insured is expected to enhance the value proposition offered to clients, redefining how policy management is handled in the industry. To conclude, this development signals a bright future for NECS as it continues to innovate and expand its offerings, solidifying its presence in the ever-evolving field of insurance.