Many insurance agents and brokers focus on certain industry classes of business or select niches. Over time, they can develop some very specific needs that the traditional markets are unable to provide. At ProWriters, we are able to provide outsourced underwriting services to brokers seeking alternatives to traditional markets.As an independent third party, we are well situated to provide underwriting services to brokers working to develop their own insurance programs.
We also provide underwriting services to carriers who are looking to offer Professional and Management liability coverages including Cyber and Privacy liability, but lack the underwriting expertise or the underwriting platform to deliver these coverages in an efficient manner. We develop new wordings, rating plans, underwriting strategy, and market on behalf of carriers that are looking for traditional MGU services. We also work with carriers that have developed a strategy, rating plan, and wordings where we act as an experienced underwriting workforce that can be white labeled for the carrier. This is a newer more innovative approach to allow carriers to control the marketing and branding while enabling them to lower their expense ratio by limiting headcount, system development costs, and time to market.