Specialty lines are growing faster than almost any other part of the industry. E&S, cyber, marine, contractors, environmental, and professional liability are all expanding as new risks emerge and traditional markets pull back. That growth brings opportunity, but also brings something else: pressure. More submissions, more documents, more filings, more endorsements, more exceptions, and more […]
Insurance operations have relied on outsourcing for many years. Business Process Outsourcing (BPO) helped teams scale quickly and cut costs, making it a primary choice for many business strategies. Today, outsourcing alone can’t support the needs of modern insurance teams. The future looks different. It is faster, wiser, and focused on keeping knowledge inside the […]
At the 25th Annual Target Markets Program Administrators Association (TMPAA) Summit in Scottsdale, it was clear that the insurance industry is entering a new era of program business. For many MGAs, carriers, and partners, the biggest challenge with modernizing is rewiring legacy processes to enable operational growth. The idea and mission OIP Insurtech brought to […]
Once considered a niche segment focused on hard-to-place risks, specialty lines has become the most dynamic and profitable part of the market. By 2030, it will likely more than double in size, growing from roughly $110 billion in 2025 to over $215 billion, outpacing the broader commercial P&C market with a compound annual growth rate […]
Bottlenecks in underwriting don’t always surface as significant issues. In fact, most of the time, they start appearing as a few extra clicks, a missing document, or a task that sits in someone’s inbox for a few days. Over time, these minor delays add up and slow down the entire operation. Performing a full underwriting […]
When most underwriters think of possible risks in insurance, they refer to unusual claims, shifting exposures, or risk management. Although these could all pose a threat to your operations, a hidden risk that’s silently impacting your business is your legacy system. Specialty underwriters deal with complex risks all the time. Underwriters depend on data and […]
At this year’s WSIA 2025 conference in San Diego, one theme stood out above the rest: the MGA market is booming, and the winners will be those who combine technology, partnerships, and human judgment to move faster and underwrite smarter. That’s precisely where OIP Insurtech is placing its bets. As Chief Operating Officer, Miloš Petrović, […]
Managing General Agents (MGAs) play a significant role in the insurance world. They act as a bridge between carriers and agents. They take on underwriting, policy management, claims handling, and distribution. Running a managing general agency and its operations is not easy. Costs continue to rise, and the competition is stronger than ever, yet clients […]
Underwriting renewals are one of the most critical steps in the policy lifecycle. They decide if a client stays with you or moves to another insurer or broker. Brokers play a central role in renewals. They gather data, prepare submissions, and communicate between clients and carriers. Since underwriting renewals can be complex, brokers often make […]
Insurance companies run on trust and accuracy. Every policy written must be priced correctly, adhere to guidelines, and comply with regulations. On the other hand, mistakes sometimes happen to everyone. That’s where underwriting audits come in. An underwriting audit assesses the effectiveness of underwriters in performing their duties. It examines the quality of files, the […]