What Modus Underwriting does

Modus Underwriting is a UK-based insurtech Managing General Agent (MGA) founded in 2015, operating as a trading style of Acrisure UK MGA Limited. The company provides fully-automated, e-traded insurance products exclusively to UK insurance brokers, who in turn distribute coverage to approximately 130,000 end customers. Modus serves 500+ broker partners through its core platform, TryModus, which enables electronic quoting, binding, and policy management, supplemented by specialist offerings such as Flood Protect for excess flood coverage in high-risk areas.

The company's technology stack centers on automated underwriting workflows with enhanced data capture and optimized online customer journeys. The platform streamlines risk assessment and claims handling by combining automated decisioning with what the company describes as cutting-edge technology tools. Backed by A-rated insurance capacity from its parent entity Acrisure UK MGA Limited and regulated by the FCA under FRN 835270, Modus positions itself as an award-winning insurtech specialist in e-trade underwriting.

Modus earns revenue as an MGA by underwriting commissions — placing risk with capacity providers while administering policies and processing claims on behalf of broker-distributed customers. The B2B2C go-to-market strategy leverages existing broker infrastructure for market reach without direct end-customer acquisition costs. Pricing is per-policy based on individual risk assessment, and the company reports a 33.3% quote conversion rate as evidence of product-market fit. Its 11-50 employee base supports a horizontally distributed broker channel with no disclosed enterprise anchor accounts.

Name

Modus Underwriting

Legal name

Acrisure UK MGA Limited

Website

https://modusunderwriting.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Modus Underwriting is a UK insurtech MGA founded in 2015 that provides fully-automated e-traded insurance products through 500+ broker partners to 130,000+ end customers, operating under FCA-regulated Acrisure UK MGA Limited.

Ownership category

akta.pro rank

Product category

Insurance Underwriting (Managing General Agent)

NAICS

Other Insurance Related Activities (52429)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Insurance underwriting services
• Managing general agent
• Insurtech platform
• Commercial insurance products
• Flood insurance coverage

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Insurance Underwriting as MGA: As a Managing General Agent, Modus earns underwriting commissions by placing insurance risk with capacity providers. The company administers policies, handles claims processing, and earns a share of premiums for coverage provided to broker customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Modus Underwriting operates as an insurtech Managing General Agent (MGA) providing fully-automated, e-traded insurance products to UK insurance brokers. The company administers policies, handles claims processing, and places insurance risk with A-rated capacity providers, earning underwriting commissions on coverage delivered through its broker partners. Its portfolio centers on the TryModus broker platform for automated underwriting and policy management, supplemented by specialist products such as Flood Protect for flood excess coverage.

Product overview

Modus Underwriting is an insurtech Managing General Agent (MGA) offering fully-automated, e-traded insurance products for UK insurance brokers. The portfolio centers on TryModus, the core broker platform for automated underwriting and policy management, supplemented by specialist products such as Flood Protect for flood excess coverage. Backed by A-rated capacity and regulated by the FCA, the platform delivers automated risk assessment, streamlined data capture, and efficient claims handling to 500+ broker partners serving 130,000+ customers.

Differentiator

Problem solved

Functional benefit

Products and services

• TryModus Broker-facing platform providing automated e-traded insurance quoting and policy management for UK insurance brokers. It enables automated underwriting, streamlined data capture, risk assessment, and binding of coverage for commercial and retail insurance lines.
• Flood Protect Specialist flood insurance product providing excess coverage and protection for clients located in flood-risk areas. Distributed through the broker network as part of the Modus product suite.

Quantifiable outcome

• 33.3% quote conversion rate

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Marshmallow: UK motor insurtech MGA using data-driven pricing and digital underwriting. Comparable broker- and partner-distributed model targeting UK consumers through automated underwriting technology.
• Laka: UK specialist cycling insurance MGA with a technology-first, broker- and partner-distributed model. Comparable insurtech MGA targeting niche UK lines with automated underwriting.
• Zego: UK insurtech MGA providing automated, e-traded motor and mobility insurance products distributed through brokers and partners. Highly comparable technology-led, broker-channel MGA model to Modus.
• Tapoly: UK commercial insurance MGA offering digital, broker-distributed products for SMEs with automated underwriting workflows. Comparable technology-led MGA serving the same UK broker distribution ecosystem.
• Urban Jungle: UK home insurance MGA offering data-driven, automated underwriting distributed through brokers and direct. Comparable UK insurtech MGA model with technology-enabled risk assessment and broker partnerships.
• CFC Underwriting: London-headquartered specialty MGA offering automated underwriting and broker-distributed products across commercial lines. Closely comparable to Modus as a UK-based MGA combining technology-enabled underwriting with broker distribution.
• iGO4 Insurance: UK specialist insurance MGA offering automated underwriting and policy administration across home and motor lines distributed through brokers. Comparable MGA technology-and-broker model serving UK commercial and retail customers.
• Anorak: UK life insurance insurtech providing automated, data-driven underwriting distributed via broker and intermediary channels. Comparable technology-led MGA model targeting broker distribution in the UK.
• Loadsure: UK freight and logistics insurance MGA offering fully digital, instant-bind coverage through broker and partner channels. Highly comparable automated e-trade MGA model targeting UK intermediaries.

Broad incumbents

• Acrisure Group: Global insurance brokerage and MGA conglomerate that is Modus's parent group (via Acrisure UK MGA Limited). Operates broad MGA platforms and broker distribution across multiple lines and geographies, providing capacity backing and infrastructure to Modus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/modus-underwriting

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Modus Underwriting