MGA101: Essential Aspects of MGA Risk Capacity Contracts
Entering an MGA–capacity partnership involves more than just financial discussions. Here are several key aspects that Chris and Somil advise MGAs to clarify early on:
How MGA Insurance Software Enables Success For MGAs Operating in Surplus Markets
Managing General Agents (MGAs) and Program Administrators form a critical part of the insurance distribution ecosystem, collectively handling nearly 25% of the world’s specialty premium volume.
Parametric Insurance Solutions: Unlocking New Opportunities in Flight Delay Coverage
Parametric insurance covers the probability of a loss-causing event, paying out when a pre-defined threshold is met.
How Generative AI is Transforming the Insurance Industry
Technological advancements have been reshaping the insurance industry, leading to significant transformations. One such technology is Generative Artificial Intelligence (AI)
P&C MGAs & Distribution Partnerships: The Agent Perspective
Many MGAs assume that pitching or explaining their product is enough to get agents and brokers on board. In reality, they’d need a lot more information—
Insurance Rating Software: How MGAs Manage Rates and Serve Niche Markets
MGAs, like carriers, aim to disrupt the market by innovating and introducing new insurance products through technology. What sets MGAs apart is their deep local specialization.
Managing General Agents: Landscape, Trends & Technology
MGAs have been at the forefront of specialty and excess and surplus lines growth with premiums growing by 14.5% to $89.9 billion in 2024. Their ability to underwrite hard-to-place risks and remain lean has made them a favorable distribution channel and investment for carriers and reinsurers alike.
Accelerate Product Launches with Insurance Core System Modernization
Launching new products is crucial for insurers looking to seize new business opportunities. But while market demands and customer expectations evolve rapidly, many carriers still rely on legacy systems built on technologies
Building a Winning P&C Distribution Strategy for Your MGA
Engaging with distribution partners early, getting their inputs during the product development phase and tweaking products as necessary can go a long way—not only does this make the MGA’s product more market ready, it builds trust, increasing the odds of said agents and brokers being early adopters and advocates for the product when it first launches.
Transform WICA claim process with Insurance Workflow Automation Software
Claim intimation under WICA involves multiple stakeholders: employers, insurers, and the Ministry of Manpower (MOM). Manually verifying policy details and accident coverage is time-consuming, prone to human error, and can lead to rejected claims or delayed communication.
