Markit Systems
Configurable end-to-end technology platform for MGAs and delegated authority insurance business
Overview
Markit Systems provides Markit Core™, a configurable technology solution designed specifically for Managing General Agents (MGAs) and delegated authority business. The platform supports London Market (including Lloyd's) and international standards around the delegated authority process, enabling users to manage multiple lines and jurisdictions with a single version of truth across the entire chain. The solution offers rapid setup, flexible configuration, full API openness, and scalability to support growing insurance businesses.
The company operates on a shared-risk, shared-reward commercial model with usage fees linked directly to business written, lowering initial system build costs and aligning vendor interests with client growth. The platform maintains full compliance, manages access and permissions, provides complete audit trails, and supports agents globally in quoting and binding business. Client testimonials highlight responsiveness, speed of implementation, and the team's deep knowledge of the London and international insurance markets.
Key Features
- + Configurable end-to-end platform for MGAs and delegated authority
- + Multi-line and multi-jurisdiction management with single version of truth
- + Fully open API architecture for integration flexibility
- + Shared-risk commercial model with usage-based fees tied to business written
- + Rapid setup and deployment capabilities
- + Full audit trail, access control, and compliance management