hx Renew is a transformative force in the insurance technology sector, providing five key advantages for modern Managing General Agents (MGAs). The key advantages include:
- Eliminating Underwriter Rekeying: hx Renew seamlessly integrates with internal systems, reducing quote times and boosting efficiency.
- Enriching Underwriter Data: hx Renew automates the data-gathering process and embraces both structured and unstructured data, using AI tools and web scraping technology.
- Proactive Portfolio Management: hx Renew offers real-time visibility into live portfolios, enabling dynamic pricing strategies and better decision making.
- Customised Automated Reporting: The platform streamlines report generation, providing consistent data for carriers and saving time and money.
- Built-in Audit and Compliance: hx Renew simplifies peer review and referral workflows and maintains a complete audit trail, ensuring adherence to guidelines and reducing administrative burdens.
David Hughes, founder of Mulberry Risk, states that “hx Renew offers that competitive edge for MGAs” and has become the leading pricing platform in the market.