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MGA Systems

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Namestring
MGA Systems
Legal namestring
Vertafore, Inc.
Websiteurl
mgasystems.com
Company typeenum
Private
Founded yearint
2020
Descriptiontext

MGA Systems is a purpose-built policy administration system targeting Managing General Agents (MGAs), Managing General Underwriters (MGUs), wholesalers, and program administrators in the U.S. insurance market. The product centralizes and automates the full insurance lifecycle — quoting, underwriting workflows, policy binding, invoicing and issuance, automated renewals and endorsements, claims management, accounting, and custom reporting — into a single integrated system backed by open APIs, an open architecture that exposes both data and code to customers, and native support for international currencies, addresses, and phone numbers. Technical underpinnings are a client-server architecture with secure database connectivity for remote users and web-based APIs for integration with rating engines, carrier systems, and third-party platforms. SOC 2 Type II certification (inherited via parent Vertafore) and a security posture suitable for handling insured and carrier data round out the platform characteristics.

MGA Systems was originally developed as Insurance Management Systems (IMS) and was acquired by Vertafore, Inc. in 2020, subsequently rebranded to MGA Systems. It operates today as a wholly-owned product brand and operating subsidiary of Vertafore, a private insurance technology company headquartered in the United States. The unit is small (11–50 employees per firmographic inputs) and monetizes through subscription-based enterprise licensing with quote-based pricing on annual billing cadences; pricing details are not publicly disclosed and require direct sales engagement. Commercial distribution is anchored by Vertafore's enterprise field sales force (phone: 1.800.444.4813), the Vertafore Orange Partner reseller and integration ecosystem, and the NetVU insurance industry association network. AI capabilities such as ReferenceConnect AI for Carriers and MGAs (knowledge retrieval) and the related Surefyre underwriting workbench are positioned as complementary Vertafore products rather than embedded features of MGA Systems itself.

Short descriptiontext

MGA Systems is a purpose-built policy administration platform for U.S. Managing General Agents, MGUs, wholesalers, and program administrators, centralizing quoting, underwriting, accounting, claims, and reporting under one subscription system. It operates as a wholly-owned product brand of Vertafore, Inc., following Vertafore's 2020 acquisition of IMS.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersMelville, United States
HQ citystring
Melville
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
policy administration software, insurance underwriting workflows, claims management software, insurance accounting systems, MGA management platform
Industry1 code
1Insurance Program Administration & MGA/MGU Services
CodeFSAEADAKPrimaryYes
NAICS code2 codes
  • Computer Systems Design and Related Services54151
  • Computer Systems Design Services541512
SIC code2 codes
  • Services-Prepackaged Software7372
  • Services-Computer Integrated Systems Design7373
Product category
Insurance Policy Administration Software
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Software Licensing and Subscription
TypeSubscription Recurring
Description

MGA Systems operates as a policy administration system software providing purpose-built solutions for MGAs. Revenue is generated through software licensing with ongoing support and enhancements as part of Vertafore's product portfolio.

vertafore.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Pricing details1 tier
1Enterprise licensing for MGAs
ModelSubscriptionBilling cadenceAnnual
Notes

Quote-based pricing - no public pricing tiers available. Contact sales team at 1.800.444.4813 for custom quotes.

vertafore.com
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

MGA Systems is an award-winning policy administration system purpose-built for Managing General Agents (MGAs), Managing General Underwriters (MGUs), wholesalers, and program administrators. It centralizes and automates insurance processes including quoting, underwriting workflows, policy issuance, automated renewals, endorsements, rating engine integration, document generation, general ledger management, integrated claims management, and carrier connectivity. The product is delivered via open-architecture, client-server infrastructure with open APIs for ecosystem integration and full customization of data and code.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Quickly launch new products and introduce new lines of business
+2 more records
Product overview1 text field

MGA Systems is a single, unified policy administration system product — not a platform-plus-modules architecture. The core offering is MGA Systems itself, which bundles quoting and underwriting workflows, policy issuance, accounting, claims management, and reporting capabilities into one integrated system. Related products from the same parent company (Vertafore) include Surefyre (AI-powered underwriting workbench), NetRate (ISO rater), and ReferenceConnect AI for Carriers & MGAs (knowledge management). These products are presented as complementary solutions within the Vertafore MGA ecosystem rather than separate modules of a single platform.

Product and service1 record
1MGA Systems
CategoryInsurance Policy Administration Software
Description

Award-winning policy administration system designed for Managing General Agents (MGAs), Managing General Underwriters (MGUs), wholesalers, and program administrators. It centralizes and automates insurance processes including quoting, underwriting workflows, policy issuance, automated renewals, endorsements, rating engine integration, document generation, general ledger management, integrated claims management, and carrier connectivity, delivered via open-architecture client-server infrastructure with open APIs.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-02-15
Description

MGA Umbrl partnered with ARAG to offer legal expenses insurance and home emergency cover, integrating ARAG's policies into its household product range. The partnership includes access to ARAG's digital legal services platform, supporting MGA's digitally-led insurance propositions.

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Association and network partner for Vertafore connecting insurance professionals with MGA Systems solutions.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Duck Creek offers a cloud-native suite of policy, billing, and claims solutions that compete for MGA and specialty insurer business with modern SaaS delivery, positioning it as a direct rival to MGA Systems.

TypeBroad incumbent
Description

Insurity offers insurance core systems and analytics used by P&C insurers and MGAs; its Policy Decisions and PAS suite overlaps with MGA Systems' policy, billing, and claims capabilities at a broader carrier-focused scale.

TypeEmerging player
Description

SuranceBay provides agency and MGA-facing software for licensing, appointments, and producer management; while more compliance-focused than MGA Systems, it serves a similar MGA buyer and complements the broader MGA tech stack.

TypeDirect peer
Description

OneShield provides policy administration, billing, and claims software specifically designed for MGAs, MGUs, and insurers, making it the closest direct competitor to MGA Systems in the MGA-focused PAS segment.

TypeDirect peer
Description

EIS Group provides an enterprise insurance platform with policy administration, billing, and claims capabilities used by carriers and MGAs, overlapping with MGA Systems on core PAS functionality and customization depth.

TypeBroad incumbent
Description

Guidewire is the dominant incumbent PAS provider for P&C insurers, with a suite that increasingly targets specialty and MGA-like carriers, making it a broad competitor to MGA Systems at the larger end of the market.

TypeBroad incumbent
Description

Applied Systems is a large insurance software provider focused on agencies and brokerages; its portfolio overlaps with MGA Systems at the distribution and management layer for insurance entities.

TypeDirect peer
Description

Socotra delivers a cloud-native, API-first insurance core platform used by MGAs and carriers to launch and scale products quickly, directly competing with MGA Systems on speed-to-market and configurability.

TypeBroad incumbent
Description

Sapiens offers insurance core systems for P&C, L&A, and reinsurance including policy administration and billing, competing for similar carrier and program-administrator customers as MGA Systems.

TypeBroad incumbent
Description

Majesco provides insurance software for P&C and L&A carriers including policy, billing, and claims platforms; its P&C suite targets a similar MGA-adjacent buyer base with cloud-based delivery.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
Yes

Docs URL, Description

AI capability2 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature8 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

MGA Systems

Insurance Policy Administration Softwaremgasystems.com

MGA Systems is a purpose-built policy administration platform for U.S. Managing General Agents, MGUs, wholesalers, and program administrators, centralizing quoting, underwriting, accounting, claims, and reporting under one subscription system. It operates as a wholly-owned product brand of Vertafore, Inc., following Vertafore's 2020 acquisition of IMS.

What MGA Systems does

MGA Systems is a purpose-built policy administration system targeting Managing General Agents (MGAs), Managing General Underwriters (MGUs), wholesalers, and program administrators in the U.S. insurance market. The product centralizes and automates the full insurance lifecycle — quoting, underwriting workflows, policy binding, invoicing and issuance, automated renewals and endorsements, claims management, accounting, and custom reporting — into a single integrated system backed by open APIs, an open architecture that exposes both data and code to customers, and native support for international currencies, addresses, and phone numbers. Technical underpinnings are a client-server architecture with secure database connectivity for remote users and web-based APIs for integration with rating engines, carrier systems, and third-party platforms. SOC 2 Type II certification (inherited via parent Vertafore) and a security posture suitable for handling insured and carrier data round out the platform characteristics.

MGA Systems was originally developed as Insurance Management Systems (IMS) and was acquired by Vertafore, Inc. in 2020, subsequently rebranded to MGA Systems. It operates today as a wholly-owned product brand and operating subsidiary of Vertafore, a private insurance technology company headquartered in the United States. The unit is small (11–50 employees per firmographic inputs) and monetizes through subscription-based enterprise licensing with quote-based pricing on annual billing cadences; pricing details are not publicly disclosed and require direct sales engagement. Commercial distribution is anchored by Vertafore's enterprise field sales force (phone: 1.800.444.4813), the Vertafore Orange Partner reseller and integration ecosystem, and the NetVU insurance industry association network. AI capabilities such as ReferenceConnect AI for Carriers and MGAs (knowledge retrieval) and the related Surefyre underwriting workbench are positioned as complementary Vertafore products rather than embedded features of MGA Systems itself.

MGA Systems firmographics

Firmographics
Name
MGA Systems
Legal name
Vertafore, Inc.
Website
https://mgasystems.com
Company type
Private
Founded year
2020
Operating status
Operating
Headcount range
11–50 employees
Short description
MGA Systems is a purpose-built policy administration platform for U.S. Managing General Agents, MGUs, wholesalers, and program administrators, centralizing quoting, underwriting, accounting, claims, and reporting under one subscription system. It operates as a wholly-owned product brand of Vertafore, Inc., following Vertafore's 2020 acquisition of IMS.
Ownership category
akta.pro rank

MGA Systems industry classification

Industry
Product category
Insurance Policy Administration Software
NAICS
Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512)
SIC
Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)
akta.pro primary industry
Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

  • Policy administration software
  • Insurance underwriting workflows
  • Claims management software
  • Insurance accounting systems
  • MGA management platform

Where MGA Systems is headquartered

Location

Headquarters

HQ city
Melville
HQ country
United States
HQ region
North America

Markets served

MGA Systems business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

  1. Software Licensing and Subscription: MGA Systems operates as a policy administration system software providing purpose-built solutions for MGAs. Revenue is generated through software licensing with ongoing support and enhancements as part of Vertafore's product portfolio.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualEnterprise licensing for MGAs

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

MGA Systems product offering

Product offering

Core offering

MGA Systems is an award-winning policy administration system purpose-built for Managing General Agents (MGAs), Managing General Underwriters (MGUs), wholesalers, and program administrators. It centralizes and automates insurance processes including quoting, underwriting workflows, policy issuance, automated renewals, endorsements, rating engine integration, document generation, general ledger management, integrated claims management, and carrier connectivity. The product is delivered via open-architecture, client-server infrastructure with open APIs for ecosystem integration and full customization of data and code.

Product overview

MGA Systems is a single, unified policy administration system product — not a platform-plus-modules architecture. The core offering is MGA Systems itself, which bundles quoting and underwriting workflows, policy issuance, accounting, claims management, and reporting capabilities into one integrated system. Related products from the same parent company (Vertafore) include Surefyre (AI-powered underwriting workbench), NetRate (ISO rater), and ReferenceConnect AI for Carriers & MGAs (knowledge management). These products are presented as complementary solutions within the Vertafore MGA ecosystem rather than separate modules of a single platform.

Differentiator

Problem solved

Functional benefit

Products and services

  • MGA Systems Award-winning policy administration system designed for Managing General Agents (MGAs), Managing General Underwriters (MGUs), wholesalers, and program administrators. It centralizes and automates insurance processes including quoting, underwriting workflows, policy issuance, automated renewals, endorsements, rating engine integration, document generation, general ledger management, integrated claims management, and carrier connectivity, delivered via open-architecture client-server infrastructure with open APIs.

Quantifiable outcome

  • Quickly launch new products and introduce new lines of business
  • +2 more outcomes

Companies that use MGA Systems

Customer profile

Segments4 records

Ideal customer profiles1 record

MGA Systems technology and API

Technology

Technology focussed Yes

API detail

Has API
Yes
API docs
API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature8 records

MGA Systems partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core and minor.

  • ARAGcoreStrategic or Co-development Partner · 15 February 2026MGA Umbrl partnered with ARAG to offer legal expenses insurance and home emergency cover, integrating ARAG's policies into its household product range. The partnership includes access to ARAG's digital legal services platform, supporting MGA's digitally-led insurance propositions.
  • NetVUminorChannel Partner/ Reseller/ DistributorAssociation and network partner for Vertafore connecting insurance professionals with MGA Systems solutions.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

MGA Systems competitors and assessment

Company assessment

Direct peers

  • Duck Creek Technologies: Duck Creek offers a cloud-native suite of policy, billing, and claims solutions that compete for MGA and specialty insurer business with modern SaaS delivery, positioning it as a direct rival to MGA Systems.
  • OneShield: OneShield provides policy administration, billing, and claims software specifically designed for MGAs, MGUs, and insurers, making it the closest direct competitor to MGA Systems in the MGA-focused PAS segment.
  • EIS Group: EIS Group provides an enterprise insurance platform with policy administration, billing, and claims capabilities used by carriers and MGAs, overlapping with MGA Systems on core PAS functionality and customization depth.
  • Socotra: Socotra delivers a cloud-native, API-first insurance core platform used by MGAs and carriers to launch and scale products quickly, directly competing with MGA Systems on speed-to-market and configurability.

Broad incumbents

  • Insurity: Insurity offers insurance core systems and analytics used by P&C insurers and MGAs; its Policy Decisions and PAS suite overlaps with MGA Systems' policy, billing, and claims capabilities at a broader carrier-focused scale.
  • Guidewire: Guidewire is the dominant incumbent PAS provider for P&C insurers, with a suite that increasingly targets specialty and MGA-like carriers, making it a broad competitor to MGA Systems at the larger end of the market.
  • Applied Systems: Applied Systems is a large insurance software provider focused on agencies and brokerages; its portfolio overlaps with MGA Systems at the distribution and management layer for insurance entities.
  • Sapiens International: Sapiens offers insurance core systems for P&C, L&A, and reinsurance including policy administration and billing, competing for similar carrier and program-administrator customers as MGA Systems.
  • Majesco: Majesco provides insurance software for P&C and L&A carriers including policy, billing, and claims platforms; its P&C suite targets a similar MGA-adjacent buyer base with cloud-based delivery.

Emerging players

  • SuranceBay: SuranceBay provides agency and MGA-facing software for licensing, appointments, and producer management; while more compliance-focused than MGA Systems, it serves a similar MGA buyer and complements the broader MGA tech stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

MGA Systems social profiles

Digital presence

MGA Systems compliance and trust

Trust signal

Compliance1 record

MGA Systems financial estimates

Financial estimate

Revenue estimate

Valuation estimate

MGA Systems leadership team

Management profile

Number of profiles

MGA Systems funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

MGA Systems M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MGA Systems

What does MGA Systems do?

MGA Systems is an award-winning policy administration system purpose-built for Managing General Agents (MGAs), Managing General Underwriters (MGUs), wholesalers, and program administrators. It centralizes and automates insurance processes including quoting, underwriting workflows, policy issuance, automated renewals, endorsements, rating engine integration, document generation, general ledger management, integrated claims management, and carrier connectivity. The product is delivered via open-architecture, client-server infrastructure with open APIs for ecosystem integration and full customization of data and code.

Is MGA Systems a public or private company?

MGA Systems is a private company. It is classified as corporate owned and is currently operating.

When was MGA Systems founded?

MGA Systems was founded in 2020. It employs 11 to 50 people.

Where is MGA Systems based?

MGA Systems is headquartered in Melville, United States, in the North America region.

How does MGA Systems make money?

One revenue line is on record: software Licensing and Subscription.

Who are MGA Systems's main competitors?

Direct peers on record are Duck Creek Technologies, OneShield, EIS Group and Socotra. Broad incumbents are Insurity, Guidewire, Applied Systems, Sapiens International and Majesco. SuranceBay is listed as an emerging player.

Does MGA Systems have an API?

Yes. Open APIs allow easy integration with online portals, rating platforms, and other third-party applications. The web-based API for claims allows client customization and integration with external systems. MGAs can leverage the open API to connect tools they need for a complete, end-to-end ecosystem.

What industry is MGA Systems in?

MGA Systems's product category is Insurance Policy Administration Software. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services. Its NAICS code is 54151 and its SIC code is 7372.

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Live signals
InazaAI‑Powered Underwriting Automation for Texas Auto MGAsThe article discusses the integration of AI-powered automation into underwriting processes for Managing General Agents (MGAs) in the Texas auto insurance market. It highlights key benefits such as enhanced speed, improved risk assessment accuracy through predictive analytics, and operational efficiency gains via real-time quote generation. The text also outlines challenges including regulatory compliance, change management, and system integration, while emphasizing the strategic importance of adopting these technologies to remain competitive.VertaforeDUAL Group improves productivity, boosts revenue with MGA SystemsDUAL Group, an international MGA with US$3.5 billion in gross written premiums operating in 21 countries, implemented MGA Systems to modernize its Australia and New Zealand policy, financial and claims operations. The system migrated 60,000 legacy policies and now holds over 200,000 policies, raising unassisted quote and renewal rates to 90-92% from 55%. DUAL plans to expand the platform to Brazil, Spain, Singapore and Mexico.VertaforeVertafore acquires MGA SystemsVertafore announced the acquisition of MGA Systems, a provider of specialized software for Managing General Agents (MGAs), on June 28, 2022. This transaction integrates MGA Systems' IMS and NetRate solutions into Vertafore's ecosystem to expand its product suite for the independent insurance channel. The move aims to accelerate investment in innovation and provide MGAs with more comprehensive technology for risk and pricing decisions.Business & FinancialVertafore Acquires MGA Systems, Expanding And Enhancing Solutions For Mgas'Vertafore announced the acquisition of MGA Systems, a provider of purpose-built software for Managing General Agents (MGAs), to expand its insurance technology ecosystem. This transaction integrates MGA Systems' IMS and NetRate solutions into Vertafore's suite, aiming to enhance policy administration and rating capabilities for MGAs. The move is part of Vertafore's broader strategy to simplify and automate products across the insurance distribution channel following previous acquisitions.PR NewswireVertafore Acquires MGA Systems, Expanding and Enhancing Solutions for MGAsVertafore, a leading InsurTech company, announced the acquisition of MGA Systems, a software provider specializing in solutions for Managing General Agents, adding the IMS policy administration and NetRate rating platforms to its ecosystem. The acquisition positions Vertafore as offering the most comprehensive technology suite for MGAs in the market by combining MGA Systems' products with its existing AIM management system. The MGA market has experienced consistent growth in recent years, and the deal is expected to accelerate investment and innovation across both companies' solutions to address evolving needs in the insurance distribution channel.PR NewswireMGA Systems and NetRate Join Forces to Bring an Integrated Insurance Platform Solution to Program AdministratorsMGA Systems, Inc. executed a strategic merger with NetRate Systems, Inc., combining their software platforms to create an integrated insurance management and rating solution for the MGA market. The combined entity will operate under the name MGA Systems, headquartered in New York, with leadership from both original companies remaining on the board. This integration aims to provide program administrators with improved sales efficiencies and end-to-end processing capabilities.