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Ebix Meridian

MGAs and underwriting agencies.

EbixEvolution is the next generation of software for insurance intermediaries and underwriting agencies: delegated authority operations with binders, underwriting within authority, a product and risk configurator, producing brokers, bordereaux, and insurer reporting, all backed by the same full-function accounting engine as the broking business.

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delegated authority, end to end

From the binder to the bordereau

An MGA answers to its producing brokers on one side and its capacity providers on the other. EbixEvolution keeps both sides on one record.

Binders and delegated authorities

Each binder recorded with its insurer, capacity, classes, limits, and period, and every policy written under it linked to it.

Underwriting within authority

Quotes and policies issued within the binder's limits and classes, with the product and risk configurator setting underwriting and commercialisation rules and referrals routed when a risk falls outside them.

Producing broker management

The brokers and agents who bring business, with their commission arrangements and their own accounts on the ledger.

Bordereaux

Premium and claims bordereaux produced from the policy and claims records for each binder and period, in the insurer's format.

Insurer reporting

Written premium, earned premium, claims, and loss ratio by binder, class, and period, from the same data model.

Accounting to the insurer

Premium due to the capacity provider net of commission, settled by binder and period, and reconciled against bordereaux.

Claims under the binder

Claims recorded against the policy and the binder, with authority limits and insurer notification handled on the record.

Documents under your brand

Schedules, certificates, and wordings from templates the agency controls, generated from the record.

The bordereau is a report, not a project.

When every policy and claim is written against its binder on the same platform, the premium and claims bordereaux for each period are produced from the record in the insurer's format. Month end becomes a report run, not a reconciliation exercise.

Per binder, per period

Premium and claims bordereaux by binder and month.

In the insurer's format

Column sets configured per capacity provider.

Reconciled to the ledger

The bordereau and the settlement come from the same figures.

Both sides of the agency

Producing brokers and capacity providers each need their own view, their own accounting, and their own reporting. EbixEvolution gives each what it needs from one record.

Producing brokers

Their business, their commission, and their account on the ledger.

Capacity providers

Written and earned premium, claims, loss ratio, and settlements by binder.

The agency itself

Income, retention, and authority utilisation across binders.

One platform for hybrid firms

Brokerages that also run an MGA operate both on the same system.

Run one binder
through the platform

Bring a binder and a month of business, and see the bordereau come off the record.