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MGA Lares adopts Go-Insur tech platform for new unoccupied home insurance product

insurtech insurance technology 3

London-based specialist MGA Lares has launched a new Unoccupied household product this month using the Go-Insur digital insurance platform. A further MGA client welcomed into the expanding Go-Insur portfolio.

Lares’s initial Unoccupied product is the first in a series of non-standard household products with more to come over the course of 2022/23.

The engagement with Lares is significant for Go-Insur because it marks a first collaboration with OpenGI and TrueCommerce and aligns the solution with sector-defining Polaris standards. This is a game-changer for Lares and other Go-Insur MGA clients looking for large scale market distribution and volumes.

Mike Fenton, Director at Lares said, “We needed a versatile insurance platform to maximise our distribution ambitions via established channels like OpenGI and directly with brokers via our own portal. Go-Insur has delivered on both fronts. I’ve been impressed with the speed and smoothness of the implementation. From commission to go-live has been 12 weeks – good going given the regulatory and technical hoops we’ve had to navigate”.

“Brokers can either quote & bind directly on our Go-Insur portal – with a cutdown question set – or for annual and renewing business quote via the full question set on OpenGI.”

Go-Insur teamed with TrueCommerce to enable the EDI links with OpenGI.

Simon Fenn, Director at Pancentric Digital, owners of the Go-Insur solution commented, “The alignment with Polaris standards and the collaboration with OpenGi is an exciting moment for our solution. We can now realise significant growth opportunities for Go-Insur clients. It’s exciting to see the first Lares product already transacting and we look forward to rolling out the rest of their product roadmap during 2022/23”

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