Ledgebrook

In today’s rapidly-evolving insurance landscape, modernization is not a choice, but a necessity for traditional carriers looking to stay competitive. Ledgebrook Insurance, a tech-forward Excess and Surplus (E&S) Managing General Agent (MGA), has embarked on a journey to revolutionize the insurance experience for wholesale brokers. The MGA aims to give wholesale brokers a streamlined quoting experience and top tier pricing while maintaining a nimble and flexible business model.

“We offer the best of both worlds—innovative world class technology deployed by a leadership team with decades of insurance expertise. This distinct blend of cutting-edge tech and insurance expertise helps us deliver a superior experience.” - says Gage Caligaris, CEO, Ledgebrook. “Our data-driven insights with human underwriting are a crucial driver for superior speed and service across various E&S lines of business.”

Ledgebrook currently has two products in the market — General Liability and Professional Liability with plans to launch 3 new products in 2024.

“We don't rely on flashy add-ons or special coverages. Instead, we prioritize delivering the same high-quality product you'd expect from a major insurance company, but with the speed & efficiency characteristic of an InsurTech,” says Caligaris.

Best of all, this superior service doesn’t require any additional tasks or requirements from brokers. There's no need for them to use a specific portal or jump through hoops. When brokers submit a policy, Ledgebrook’s technology processes the submission, extracts crucial data, instantly appends third-party information, and expedites the rating process. This means that by the time underwriters review the submission, the groundwork— typically tedious administrative tasks—has been completed. This allows underwriters to focus their time & energy on their area of expertise: analyzing risk and proposing a competitive price swiftly and efficiently.

The accessibility and responsiveness of the underwriters are big differentiators for Ledgebrook. Its team never shies away from picking up the phone and solving clients’ queries through a wealth of expertise and experience, a testament to its commitment to customer service.

The company’s efficiency can be demonstrated through a case study. A client approached it with an urgent submission, with an effective date the following day. Understanding the time constraint, Ledgebrook took up the charge and swiftly processed, rated, and quoted the policy within a remarkable 45 minutes. While other MGAs were still clearing submissions into their systems, Ledgebrook had not only ingested the submission but had completed the necessary underwriting work and provided a quote.

Ledgebrook’s culture is built on the foundational ethos of care, strive, and thrive together. Staffed by industry experts with proven records of creating and scaling insurance products. From the president to the underwriters, the team has hundreds of years of combined insurance experience, including the management of billions in gross written premiums.

Ledgebrook is on a journey to broaden its horizons by improving the capabilities of its technology stack. This underscores its commitment to becoming a diversified full-stack speciality re/insurer competing with legacy players across global markets. Ledgebrook's versatility and responsiveness, along with its ability to provide quick quotes and solutions across a variety of products makes it a preferred choice for wholesale brokers.