In March of 2023, Draftrs launched their first 50 state admitted program and by January of 2024, the MGA had provided over 2000 instant quotes and issued over 200 policy transactions. Most notably, to date, the MGA has not hired any underwriters, underwriting assistants, data processors or back office support staff. Their business continues to scale based on the underwriting automation and straight through processing of the Draftrs Platform alone.

Draftrs started distributing their products through retail insurance agencies and in July 2023, set up their first affinity partnership. Traditionally, affinity partnerships have been limited to an agent or broker adding their name, number and logo to a partner website. But with the integrated Draftrs Software direct customer access front end, Draftrs was able to directly offer affinity partner members a complete insurance solution from quote to bind. This partnership has become one of the company’s fastest growing distribution channels.

In February of 2024, Draftrs launched their second professional liability program. The program took approximately 6 weeks to build with the Draftrs Platform, which included the configuration of a new rate plan with 70 new rating questions and over 200 new policy forms and documents. Draftrs was able to complete testing with its carrier within a couple months.

The Draftrs Software platform enables Draftrs to more efficiently and profitably underwrite, manage and distribute products to the high volume, low premium dollar small firm commercial segment. The integrated core system also enables them to successfully explore other direct affinity and embedded distribution channels with a true end to end insurance solution.