Despite recent progress, India remains significantly underinsured when compared to its economic potential and demographic size. While insurance penetration has improved marginally, large disparities exist across regions, income groups, and product lines.
MGAs need a Policy Administration System (PAS) tailored to their specific business model. MGA insurance software requires larger features than agency insurance software.
The Excess & Surplus (E&S) insurance market continues to expand as demand grows for coverage that traditional insurers do not provide. E&S Managing General Agents (MGAs) play a crucial role in offering specialized policies to address complex and hard-to-place risks.
MGAs play a crucial role in the P&C insurance system, leveraging their deep industry knowledge and diverse distribution networks to offer specialized products.
The search for risk capacity can feel stressful, especially for MGAs just starting out. It’s often unclear where to find capacity providers or how to identify the right ones to approach. This list offers MGAs a solid starting point to explore their options and connect with capacity providers that align with their vision.
Taking a product from conception to viable program model is no small feat. But for many aspiring MGAs, the next step— securing risk capacity, can feel like unfamiliar territory, especially without clear knowledge on how the process works.
Parametric insurance represents a modern and innovative approach to risk management. This unique structure is not only enhancing protection for established risks like natural catastrophes and weather events but is also enabling exciting new applications.
We'll look at the Top 5 Insurance Workflows where automation can have the biggest impact, driving efficiency from submission automation to claim processing.
For founders, underwriters, or anyone in the early stages of building an MGA, the learning curve can be steep. Industry jargon can be confusing, and some concepts can be hard to grasp.
New York, United States
Enabling faster product launches,
underwriting, and distribution
connectivity for insurance carriers and
MGAs worldwide.
