Buckle is a digital financial services company that offers a low-cost fronting platform connecting managing general agents (MGAs) to reinsurance markets, streamlining the onboarding process and reducing traditional fronting expenses. By leveraging its wholly owned insurance carrier, Gateway, Buckle provides professional guidance to help small to mid-size MGAs grow in their selected markets.
Funding
$116M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Managing General Agents (MGAs) face high costs and complex processes when seeking fronting services to connect with reinsurance markets. Traditional fronting arrangements can be expensive and inefficient, hindering the growth potential of small to mid-size MGAs.
Solution
Buckle offers a low-cost fronting platform that streamlines the connection between MGAs and reinsurance markets. By leveraging its wholly-owned insurance carrier, Gateway, Buckle reduces traditional fronting expenses and simplifies the onboarding process. Buckle's fronting strategy aims to eliminate high costs, providing a more economically viable solution for MGAs compared to owning their own insurance carrier. The platform provides professional guidance to help small to mid-size MGAs grow within their chosen markets.
Target Audience
The primary target audience is small to mid-size Managing General Agents (MGAs) seeking cost-effective and efficient fronting solutions to access reinsurance markets.
Features
- Low-cost fronting platform designed to reduce expenses for MGAs.
- Efficient onboarding process for faster integration with reinsurance markets.
- Access to reinsurance panels through Buckle's network.
- Professional guidance and support for MGAs to facilitate growth.
- Wholly-owned insurance carrier, Gateway, providing the fronting capacity.