Commercial Property Insurance at Scale
4 Months
Time to Launch
30 Days
Converted a 70-tab Excel rater into a validated rating engine
About
Company Name: CAIRE Industry: Managing General Agency (MGA) Company Size: Mid-market MGA Location: Florida, United States
Industry
Habitational
Company size
5 – 25 employees
Founded
2023
Share
“BindHQ’s flexibility and the team’s insurance expertise made our aggressive timeline possible.
Lindsey
Chief Operating Officer
The Challenge
Scaling a complex habitational program
CAIRE set out to launch a new habitational commercial property program with complex rating requirements and strict compliance needs. Legacy systems would have required 12–18 months just for configuration, creating unacceptable delays and cost.
Capital was ready, the team was ready, but manual processes for complicated risks hindered operations.
The Solution
Rapid configuration without custom development
Using BindHQ, CAIRE translated a highly complex Excel-based rater into a configurable rating engine with built-in validation. Product rules, workflows, documents, and compliance requirements were configured directly within the platform without heavy engineering work.
The Outcome
A platform built to adapt and grow
CAIRE launched its program in four months, reduced operational costs by 50%, and gained a flexible platform that adapts to market changes. New coverages, rating adjustments, and regulatory updates can now be handled without re-platforming.
The company is scaling quickly and has partnered with BindHQ to grow the lines of coverage offered to its client base.
