CAMGA & Consilium Unite to Empower Canadian MGAs

Representing 90% of the MGAs in Canada, its members will benefit from Consilium’s delegated underwriting authority capability and digital actuarial services in addition to broadening the Consilium distribution footprint.

Joint CEO at Consilium James Baird commented, “Canada is one of our key strategic regions for international growth.” On the partnership, he continued, “CAMGA broadens our network in the MGA community and gives Canadian MGAs strategic access to our global network of capacity providers.”

Steve Masnyk, Executive Director of CAMGA, said, “Consilium is leading the way with technology in the field of actuarial forecasting and reporting.” While the MGA space in Canada is still in its infancy in terms of its processes and systems, Masnyk was confident in what Consilium would be able to achieve in Canada because it has already been achieved in the UK and elsewhere. He explained;

The acquisition of Mulberry Risk by Consilium's parent company Aventum has brought an actuarial data revolution to the whole MGA space. Introducing never seen before actuarial services driven by automation and artificial intelligence, Mulberry Risk’s platform uses AI to manage data processes and deliver automated modelling insights. This reduces delay and friction with insurers and provides a full audit trail on every piece of data, protecting MGAs’ capacity longer term.

With this partnership, Consilium aims to offer valuable technology and expertise that is in high demand by CAMGA members. As a digital broker with technology at the core of its services, Consilium’s in-house market-leading digital actuarial services help MGAs to secure, grow, retain and protect their capacity by affordably and efficiently managing their portfolios, giving Canadian MGAs a truly differentiated proposition and service.

The upcoming CAMGA Trade Show in Toronto will provide an opportunity for Consilium and Mulberry Risk to showcase their services to CAMGA members.