In a recent interview with Insurance Day, Volante Global CEO Talbir Bains explained why he believes the revolutionary model which underpins the company is setting a new operational benchmark for the MGA industry.
In the in-depth discussion, he spoke about how the strong performance of the company since launch in 2017, which has seen it establish eight MGAs spanning 17 underwriting teams, and secure $1.8bn of A and AA-rated capacity, while achieving its target COR, clearly demonstrated the fundamental value of the approach.
Highlighting the principles upon which the organisation is founded, Talbir said that COR was at the core as Volante’s overall financial performance was based upon it. 100% dependent on profit commission, Volante’s operating model is built on full carrier alignment and complete transparency, secured upon strict underwriting discipline and strong corporate governance.
As Volante prepares to enter its third full year of trading it does so from a position of market strength. And while the last 12 months have been very much about bedding down its underwriting teams and demonstrating the effectiveness of its business plan, Volante is now forging ahead. In the interview, Talbir flagged its plans to launch both a new Canada-based MGA and a new cyber product early in 2021.
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