One submission. Five carrier portals. Typed out five times.
Capture it once. NextRev drafts the version each carrier asks for, plus the binder and the bordereau. An underwriter approves before anything issues.
The hidden cost between you and the carrier
Once a deal is placed, your underwriters and producers stop placing business and start moving data:
- Re-keying the same submission into each carrier's portal, in each portal's format
- Filling out binders, endorsements, and policy-change forms by hand
- Reconciling bordereaux and carrier reports line by line
- Updating the AMS and CRM so every system tells the same story
- Answering producer status checks the systems should answer on their own
- Pulling premium, commission, and production reports together
Industry bodies describe bordereaux still going out monthly or quarterly in spreadsheets, with weeks of cleaning and reformatting before the numbers reconcile, and performance data lagging 30 to 90 days. Industry surveys suggest most producers spend the majority of their day on administrative work, not selling. Those numbers come from the cited sources and describe the industry, not a NextRev result. We size yours from your own book.
What NextRev does for your desk
It runs on the AMS, rater, and carrier portals you already have. No rip-and-replace.
One intake, formatted for every carrier
One intake feeds every carrier format. The write-back into your AMS and CRM is configured for your stack at diagnosis, so the same data stops getting typed five times.
Binders and endorsements, drafted and queued
Binders, endorsement requests, and policy-change forms are drafted for your review from the bound terms and line up for one-click approval. Your team reviews; nothing issues on its own.
Bordereaux on each carrier's schedule
Premium, commission, and policy records line up into carrier-ready bordereaux on the schedule each carrier wants, with mismatches flagged before they turn into audit findings.
Every field traces to the submission
Every field points back to the submission or the bound terms it came from. Anything the system is unsure of is left empty and flagged, never invented. An underwriter's approval is the only point a record moves.
Why MGAs are moving now
The delegated market is growing faster than the back office behind it. The figures below are industry context, not a NextRev result.
Premium placed through MGAs and other delegated authorities rose 15% to $89.9 billion in 2024, a fourth straight year of double-digit growth. (Conning puts the figure higher, near $114 billion.) More volume runs through the same manual back office.
Bordereaux still go out monthly or quarterly in spreadsheets, with weeks of cleaning and reformatting, leaving carriers and reinsurers reading data that can be 30 to 90 days old.
McKinsey reports AI moving across insurance distribution, with submission handling and quoting for simpler risks moving faster. Insurers are now about as likely as technology firms to report using AI.
See it on your own book
We start with a paid diagnosis sized on your own submissions, binders, and bordereaux. You leave with a plan whether or not we build.
Sources
- AM Best, "Best's Market Segment Report: MGA Premiums Showed Double-Digit Growth for a Fourth-Straight Year in 2024." US MGA/DUAE premium of $89.9 billion, up 15%, fourth straight double-digit year; 700+ MGAs over the NAIC disclosure threshold. captive.com
- Conning, "2025 MGA Study." US MGA direct premiums written of an estimated $114.1 billion in 2024, up 16% year over year. conning.com
- InsTech, "The Bordereaux Bottleneck: Why Reporting Is Still the Industry's Biggest Drag." Bordereaux still sent monthly or quarterly in spreadsheets; weeks of cleaning and reformatting; performance data lagging 30 to 90 days. instech.co
- McKinsey, "The future of AI in the insurance industry." AI across the distribution lifecycle, including faster submission handling and automated documentation. mckinsey.com
- McKinsey, "The State of AI" 2025. Insurers about as likely as technology firms to report using AI; capturing and processing information among the top reported uses. mckinsey.com
- Vymo, "How to Increase Insurance Agent Productivity" (citing a Vertafore survey). Producers spend the majority of their day on administrative work rather than selling. vymo.com