Fastnet Underwriting
Fastnet Underwriting is an Irish Managing General Agent designing and distributing non-standard private motor insurance underwritten by AIG through 40+ Irish brokers. Its integrated digital platform (Risk Handler, ID-Pal, LexisNexis) streamlines underwriting for drivers who do not qualify for standard coverage.
- Company typePrivate
- Founded-
- HeadquartersDublin, Ireland
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Fastnet Underwriting does
Fastnet Underwriting Limited is an Irish Managing General Agent (MGA) that designs and distributes non-standard private motor insurance products exclusively through the Irish broker network. Founded in 2023 and headquartered in Dublin's International Financial Services Centre (IFSC), the company operates as an intermediary between AIG, which provides underwriting capacity and policy backing under licence, and a network of over 40 insurance brokers across Connacht, Leinster, Munster, and Ulster. The company is regulated by the Central Bank of Ireland and targets end customers who do not qualify for standard motor coverage, including drivers presenting international driving experience that Fastnet accepts and validates through its digital onboarding flow.
The core product is private motor insurance, delivered on an integrated digital platform composed of three primary technology components: the Risk Handler platform for customer onboarding and broker communication, ID-Pal for digital identity verification of driving licences, proof of residency, and driving experience documentation, and LexisNexis for data enrichment and risk assessment. Supporting product features include an online premium finance calculator (in partnership with Premium Credit) and breakdown assistance provided through MIS Underwriting. The team of eight employees is led by CEO David Bolger, with senior leadership covering risk, operations, underwriting, distribution, and compliance; most executives bring 10–25+ years of insurance industry experience.
Fastnet generates revenue through insurance premiums collected via its broker network. Its go-to-market is entirely channel-based: the company does not sell directly to consumers and instead routes prospective customers to brokers via its broker locator. Pricing is determined by individual risk assessment on a quote-based annual model and is not publicly disclosed. The value proposition centres on providing motor insurance access for non-standard risks while streamlining broker operations through digital verification, data-driven risk assessment, and standardised policy administration tools.
Fastnet Underwriting firmographics
Firmographics- Name
- Fastnet Underwriting
- Legal name
- Fastnet Underwriting Limited
- Website
- https://fastnetunderwriting.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Fastnet Underwriting is an Irish Managing General Agent designing and distributing non-standard private motor insurance underwritten by AIG through 40+ Irish brokers. Its integrated digital platform (Risk Handler, ID-Pal, LexisNexis) streamlines underwriting for drivers who do not qualify for standard coverage.
- Ownership category
- akta.pro rank
Fastnet Underwriting industry classification
Industry- Product category
- Private Motor Insurance
- NAICS
- Other Insurance Related Activities (52429), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
- akta.pro secondary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
Keywords
Where Fastnet Underwriting is headquartered
LocationHeadquarters
- HQ city
- Dublin
- HQ country
- Ireland
- HQ region
- Europe
Offices2 records
Markets served
Fastnet Underwriting business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Private Motor Insurance Premiums: Fastnet Underwriting generates revenue through insurance policy premiums. As an MGA, they design and distribute non-standard private motor insurance products underwritten by AIG. The company earns income from insurance premiums collected through their broker network.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Quote-based private motor insurance |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Fastnet Underwriting product offering
Product offeringCore offering
Fastnet Underwriting is a Managing General Agent (MGA) that designs and distributes non-standard private motor insurance products in Ireland. Insurance policies are underwritten by AIG and sold exclusively through a network of Irish insurance brokers. The company operates an advanced digital platform (Risk Handler) for customer on-boarding and broker communication, integrated with ID-Pal for digital identity verification and LexisNexis for risk assessment data enrichment.
Product overview
Fastnet Underwriting operates as a Managing General Agent (MGA) offering non-standard private motor insurance products underwritten by AIG in the Irish market. The company distributes its products exclusively through an Irish broker network. Its core offering is private motor insurance, supported by a digital platform that facilitates customer onboarding and broker communication. The platform integrates with ID-Pal for digital identity verification and LexisNexis for data enrichment services. Additional products include a premium finance calculator, policy documentation (wordings, IPID), and breakdown assistance coverage through MIS Underwriting. The company is regulated by the Central Bank of Ireland and is based in the IFSC, Dublin.
Differentiator
Problem solved
Functional benefit
Products and services
- Non-Standard Private Motor Insurance Private motor insurance products designed for drivers who do not qualify for standard insurance, underwritten by AIG and distributed exclusively through a network of Irish insurance brokers. The product accepts international driving experience and is supported by a digital platform integrating ID-Pal for verification and LexisNexis for risk assessment.
Companies that use Fastnet Underwriting
Customer profileNamed customers6 records
Segments2 records
Ideal customer profiles2 records
Fastnet Underwriting technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature3 records
Fastnet Underwriting partnerships and signals
Strategic signalPartnerships
22 partnerships are on record, tiered core and minor.
- AIGcoreAIG is the insurance underwriter for Fastnet Underwriting's private motor insurance products. AIG is a registered trademark of AIG Europe SA (Ireland Branch) and is used under licence by Fastnet. This is a core partnership as AIG provides the insurance capacity and policy backing.
- Risk HandlercoreRisk Handler platform facilitates smooth customer on-boarding and broker communication. This is the core technology platform used for policy administration and broker interactions.
- ID-PalcoreID-Pal provides digital identity verification for Fastnet's customers. Used for validating driving licences, proof of residency, and driving experience documentation during policy application.
- LexisNexiscoreLexisNexis provides data enrichment services for Fastnet's risk assessment and underwriting process. Part of the advanced digital platform for insurance underwriting.
- National College of Ireland (NCI)minorListed as a key partner. NCI is an educational institution in Dublin.
- InsTech IrelandminorInsTech Ireland membership badge displayed on website. InsTech is an insurance technology industry association.
- Scale IrelandminorScale Ireland membership displayed on website. Represents scaling companies in Ireland.
- Brokers IrelandminorBrokers Ireland membership displayed on website. Represents insurance brokers in Ireland.
- ArachascoreMajor insurance broker with multiple locations across Ireland (Galway, Dublin, Cork, Letterkenny). One of the key distribution partners for Fastnet products.
- Brady InsurancecoreInsurance broker with locations in Carrick On Shannon and Dublin. Key distribution partner.
- Campion InsurancecoreInsurance broker with locations across Ireland (Galway, Dublin, Cork). Key distribution partner.
- Hastings InsurancecoreInsurance broker with locations in Westport and Dublin. Key distribution partner.
- Howden InsurancecoreMajor insurance broker with Dublin location. Key distribution partner.
- McCarthy Insurance GroupcoreInsurance broker with locations in Dublin and Cork. Key distribution partner.
- GallagherscoreInsurance broker with locations in Dublin and Tipperary. Key distribution partner.
- O'Callaghan InsurancescoreInsurance broker with locations in Meath and Monaghan. Key distribution partner.
- Martin Short InsuranceminorInsurance broker with locations in Meath and Cavan.
- Chill InsuranceminorInsurance broker with Dublin location.
- Power InsuranceminorInsurance broker with Limerick location.
- First Ireland InsuranceminorInsurance broker with Dublin location.
- Fusion InsuranceminorInsurance broker with Dublin location.
- Best Cover InsuranceminorInsurance broker with Dublin location.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
Fastnet Underwriting competitors and assessment
Company assessmentDirect peers
- Campion Insurance: Major Irish insurance broker with multiple offices (Galway, Dublin, Cork) and a Fastnet distribution partner. Comparable because it intermediates personal lines including non-standard motor in Ireland and represents the broker-side counterpart Fastnet relies on for placement.
- Hastings Insurance: Direct and broker-distributed personal lines insurer with Irish operations (Westport, Dublin). Comparable because it writes non-standard and standard motor in Ireland via broker relationships, mirroring Fastnet's go-to-market.
- Arachas: One of Ireland's largest insurance broker groups and an existing Fastnet distribution partner. Comparable because it operates in the same Irish non-standard/specialty motor intermediary ecosystem and sells through the same broker channel Fastnet relies on.
Emerging players
- Zego: UK-based insurtech MGA originally focused on gig-economy and vehicle insurance. Comparable because it is an MGA using digital underwriting and broker/platform distribution for non-standard vehicle risk, analogous to Fastnet's model in the Irish market.
Regional players
- Chill Insurance: Irish broker with online and direct distribution of personal lines including motor. Comparable because it operates in the same Irish broker intermediation market and is itself one of Fastnet's listed broker partners, making it both a channel and a comparable intermediary.
Broad incumbents
- Aviva Ireland: One of the largest general insurers in Ireland writing personal lines including motor. Comparable because it underwrites standard and specialty motor risk in Ireland and competes indirectly with Fastnet for the same end-customers and broker relationships.
- AXA Ireland: Major multi-line insurer in Ireland with personal motor products, distributed in part through brokers. Comparable because it competes in the Irish motor market and represents the type of incumbent carrier whose broker relationships Fastnet must leverage.
- Howden Ireland: Major international broker with a Dublin office and an active Fastnet distribution partner. Comparable because it represents the type of large, multi-line broker intermediary that Fastnet relies on for non-standard motor placements in Ireland.
- Liberty Insurance: Established direct-writing motor insurer in Ireland offering both standard and non-standard private car cover. Comparable because it competes with Fastnet in the Irish non-standard motor segment but as a vertically integrated carrier rather than an MGA.
Others
- AIG Ireland: Capacity provider and core strategic partner to Fastnet, underwriting all Fastnet-issued non-standard motor policies. Comparable as a benchmark for the kind of balance-sheet partner Fastnet's MGA model depends on, and as an incumbent insurer in the broader Irish specialty market.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Fastnet Underwriting social profiles
Digital presenceFastnet Underwriting compliance and trust
Trust signalCompliance1 record
Fastnet Underwriting financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fastnet Underwriting leadership team
Management profileNumber of profiles
Profiles7 records
Fastnet Underwriting funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fastnet Underwriting M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fastnet Underwriting
What does Fastnet Underwriting do?
Fastnet Underwriting is a Managing General Agent (MGA) that designs and distributes non-standard private motor insurance products in Ireland. Insurance policies are underwritten by AIG and sold exclusively through a network of Irish insurance brokers. The company operates an advanced digital platform (Risk Handler) for customer on-boarding and broker communication, integrated with ID-Pal for digital identity verification and LexisNexis for risk assessment data enrichment.
Is Fastnet Underwriting a public or private company?
Fastnet Underwriting is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Fastnet Underwriting founded?
Fastnet Underwriting was founded in -1. It employs 1 to 10 people.
Where is Fastnet Underwriting based?
Fastnet Underwriting is headquartered in Dublin, Ireland, in the Europe region.
How does Fastnet Underwriting make money?
One revenue line is on record: private Motor Insurance Premiums.
Who are Fastnet Underwriting's main competitors?
Direct peers on record are Campion Insurance, Hastings Insurance and Arachas. Zego is listed as an emerging player. Chill Insurance is listed as a regional player. Broad incumbents are Aviva Ireland, AXA Ireland, Howden Ireland and Liberty Insurance. AIG Ireland is listed as an others.
Does Fastnet Underwriting have an API?
No public API is recorded for Fastnet Underwriting.
What industry is Fastnet Underwriting in?
Fastnet Underwriting's product category is Private Motor Insurance. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services, with a secondary code of FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS). Its NAICS code is 52429 and its SIC code is 6399.