#United States #Atlanta #Embark MGA #Cogitate #DigitalEdge

Embark MGA's New Home Builder Insurance Product

In a significant move for the insurance industry, Embark MGA has announced the launch of its latest Home Builder Insurance Product, designed exclusively for home builders. This innovative program utilizes the Cogitate DigitalEdge Policy and Billing platform, which streamlines the insurance process for both agents and clients, enhancing efficiency and accuracy in their transactions.

Accelerated Launch in Florida

This new product, aimed at simplifying the insurance landscape for homebuilder agents, has debuted in the Florida market. Embark MGA, renowned for its groundbreaking approach to specialty insurance, aims to make the home buying process smoother by ensuring that agents can provide quick, precise, and hassle-free quotes along with policy issuance. The speed of implementation of this technology has exceeded expectations, allowing for a rapid roll-out that integrates seamlessly with the home sales process utilized by larger home builders.

Jai Prakash, CIO of Embark MGA, expressed enthusiasm for the collaboration with Cogitate, noting that the integration of the DigitalEdge platform into builders' existing systems was essential for their quick turnaround. Within just two months, they were able to implement the necessary requirements, demonstrating both the agility and expertise of the Cogitate team.

Enhancing Efficiency through Technology

The foundation of this initiative lies in the flexible architecture provided by Cogitate's platform. By tailoring the DigitalEdge system to accommodate the specific needs of home builder agents, Embark MGA will be able to embed insurance quotes directly into the home-buying experience. This means that builders will preload information about available homes, community characteristics, and model specifics, which allows for the generation of accurate, bindable quotes without lengthy applications or cumbersome forms.

Moreover, this digitized process connects essential insurance information with mortgage and title partners, resulting in a significant reduction in closing delays—a common pain point in the home-buying journey. The integration with top-tier third-party data providers further enhances the platform's ability to evaluate risk swiftly and accurately.

Optimizing the Customer Experience

By focusing on the customer experience, Embark MGA and Cogitate are transforming how insurance is delivered to home builders and buyers. The DigitalEdge platform is not just a software tool; it represents a fundamental shift towards modernizing the insurance experience. Arvind Kaushal, CEO of Cogitate, stated, "The rapid deployment of this implementation exemplifies our commitment to offering a comprehensive base platform, easily customized to reflect the creativity and innovation of our clients' products and processes."

This launch indicates a broader trend in the insurance industry where technology is used to address the inefficiencies of traditional practices. Embark MGA is at the forefront of this shift, demonstrating that by leveraging modern technology, the insurance experience can be made more user-friendly, efficient, and aligned with the needs of today’s home-buying consumers.

About Embark MGA

Founded in 2018, Embark MGA partners with technology providers to offer cutting-edge solutions to markets that have historically been underserved. They focus on creating innovative, customer-centric insurance products that adapt to modern consumer needs, ensuring a smooth experience when it comes to insurance coverage.

For more information on Embark MGA and their offerings, please visit www.embarkmga.com.

About Cogitate

Cogitate's DigitalEdge platform digitizes the insurance process across the value chain, enabling carriers, MGAs, and program administrators to transition smoothly to cloud-native, data-driven applications for core underwriting, policy management, billing, and claims. Their unified insurance platform maximizes the value of both first-party and third-party data, paving the way for profitable growth and superior risk management.

With over 100 years of combined industry experience, Cogitate is committed to delivering technology solutions that cater to the needs of insurance businesses of all sizes. To learn more about their services, visit www.cogitate.com.