About Virtual MGA
Virtual MGA is a Financial Services company based in Lakeway (United States) founded in 2006, and was acquired by Insurity in July 2020. Platform for insurance agency management. The company was acqui-hired. Virtual MGA offers products and services including Insurity Platform, Insurity Analytics, and Insurity Premium Audit. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Software for Insurance Intermediaries. Its legal entity is Virtual MGA LLC. Its competitors include Zywave, Keystone Agency Partners and Agentero; 1 of its 3 listed competitors has raised funding.
Company details
Virtual MGA was founded in 2006 and is headquartered in Lakeway, United States. Operations focus on the insurance technology sector, where an underwriting platform is provided to handle rating processes, rules application, and document creation. Customizable workflows are supported, along with insurance placement tracking and full policy lifecycle oversight for agencies.
- Headquarters Lakeway, United States
- Stage Acquired
- SectorsFinancial Services
- Phone•••• ••••
- Website virtualmga.com
- Social LinkedIn X Facebook
- Acquired by Insurity (Jul 2020)
- Legal Name Virtual Mga Llc
Products & Services of Virtual MGA
Virtual MGA offers a comprehensive portfolio of products and services, including Insurity Platform, Insurity Analytics, and Insurity Premium Audit.
Cloud-based system for insurance policy and claims management
Platform for P&C insurance data insights and third-party integration
Automates premium recovery and audit processes for insurers
Investors in Virtual MGA
Virtual MGA has secured backing from 1 investor. Prominent investors backing the company include Insurity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Insurity is recognized for providing cloud-native insurance software solutions. | 1985 | insurity.com | Hartford, United States |
Investor details for Virtual MGA
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Timeline of Virtual MGA
2 dated milestones of Virtual MGA across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Virtual MGA is founded.
- Exit Acquired by Insurity.
Competitors of Virtual MGA
Virtual MGA has 3 listed competitors in our database, 1 of them funded. They include Zywave, Keystone Agency Partners and Agentero.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zywave.com | 1995 | Milwaukee, United States | 679 | Cloud-based agency management solutions are provided for the insurance industry. | ||
| keystoneagencypartners.com | 2020 | Harrisburg, United States | 418 | Insurance agency management solutions are provided to the industry. | ||
| agentero.com | 2017 | Berkeley, United States | $23.5M | App-based management solutions for insurance agents are offered. |
Detailed competitors of Virtual MGA
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Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as Virtual MGA (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 226 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
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Related news about Virtual Mga
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Frequently Asked Questions about Virtual MGA
Virtual MGA was founded in 2006.
Virtual MGA is headquartered in Lakeway, United States. It is registered at Lakeway, Texas, United States.
Virtual MGA was founded in 2006 and is headquartered in Lakeway, United States. Operations focus on the insurance technology sector, where an underwriting platform is provided to handle rating processes, rules application, and document creation. Customizable workflows are supported, along with insurance placement tracking and full policy lifecycle oversight for agencies.
Virtual MGA's top competitors include Agentero, Keystone Agency Partners and Zywave.
Virtual MGA offers Insurity Platform, Insurity Analytics, and Insurity Premium Audit.
Virtual MGA has 1 investor. Key investors include Insurity.
Virtual MGA operates through Virtual Mga Llc.
Yes. Virtual MGA was acquired by Insurity in July 2020.