Markit Solutions

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Markit Core™ 4.0 is a comprehensive digital platform tailored for the London Insurance Market, specifically supporting Managing General Agents and Delegated Authority businesses. It enables insurance enterprises to operate efficiently in today's connected environment by offering a secure, cloud-based solution accessible via mobile, tablet, or desktop browsers. Key Features: - Base Configuration: Includes entity configuration, contract management, and roles & permissions settings. - Product Management: Offers product configuration, rating systems, and document management capabilities. - Common Processes: Facilitates quote and policy management, claims processing, management information reporting & analytics, accounting & cash matching, transaction payments, client database management, complaints handling, compliance & assurance, and channel management. By implementing Markit Core™ 4.0, MGAs can streamline workflows, respond to broker requests more effectively, and focus on underwriting rather than administrative tasks. The platform delivers essential policy administration functionalities out of the box and can be configured in phases to meet specific business needs. It also provides real-time digital risk reporting, policy administration, and accounting information, ensuring transparency and compliance with industry standards. In summary, Markit Core™ 4.0 empowers insurance businesses to enhance productivity, reduce repetitive tasks, adapt quickly to new lines of business, access real-time reporting, maintain full compliance, meet the latest security standards, and integrate seamlessly with third-party APIs.