Articles - MGA Report Positioned to thrive or struggling to survive

As experts in their field, managing general agents (MGAs) have the knowledge and technical understanding to evaluate the market and quickly react to changes that may impact the policies they write. They add real in-depth insight for insurers into often specialist niche areas. It has long been held that the strength of MGAs is their agility and flexibility and it is perhaps that which has led to their survival and growth during these difficult times and hard market conditions.

 Special MGA Report: Bullish but challenging times ahead


 Seizing the Opportunity: Learn How MGAs Are Overcoming Key Challenges to Adapt to Fast-changing Market Conditions


 However, could a widening disconnect between insurers, MGAs and third party administrators potentially undermine their core objectives?
 Has the dial now shifted to where regulation is now an inhibitor to innovation?

 Can MGAs get their claims processes running smoothly enough to survive claims inflation?


 In a new, special edition MGA report produced by Intelligent Insurer titled “Seize the opportunity: Bullish times but challenges ahead” (in association with the MGAA), we examine the following key themes that are crucial issues to building a cohesive MGA community today, including:

 • Claims inflation,
 • Looking after capacity,
 • A growing regulatory burden,
 • Compliance challenges,
 • Technology,
 • Shrinking talent pools, and
 • An exploration of which market—Lloyd’s versus the company market—has the edge.
 This unique report analyses the results of an new Intelligent Insurer survey of MGAs, re/insurers, service providers and brokers—carried out in partnership with the Managing General Agents’ Association (MGAA).



 Download your copy of the report to uncover the answers to these pertinent questions:

 • Get a bird’s-eye view of today’s market conditions and rates: after battling two year of uncertainty due to COVID-19, get the latest insight into what the current sentiment is around rates and capacity
 • Gauge the impact of claims inflation: can MGAs get their claims processes running smoothly enough to survive? What is the consensus around how the frequency and severity of claims are evolving? Can the industry win the war on getting rates to reflect projected claims with inflation taken into account?
 • Understand how to tackle increasing regulation: how can MGAs navigate the burden of ever-increasing regulation and return to proportionate regulation quickly?
 • Lloyd’s versus the company market: is Lloyd’s starting to become more attractive as a partner to MGAs again? Which market currently has the edge? What are players in each market doing to appear more favourable?
 • Is technology a silver bullet for MGAs? From better claims management to enhanced distribution, the unlocking of frictionless data-sharing and reduced back office costs, understand the ways MGAs are increasingly using technology to overcome key challenges
 • Make headwinds in the perfect storm around talent: learn how MGAs can overcome a shortage of expertise, the shrinking pool of candidates and rising inflation. Is retention, as opposed to acquisition, the real problem?


 You’ll access the viewpoints of dozens of MGAs, re/insurers, service providers and brokers who completed our survey as well as read candid and timely insights from interviews with:

 • Mike Keating, chief executive officer, MGAA
 • Charles Manchester, chairman, MGAA, and chief executive officer of Manchester Underwriting Management (MUM)
 • Paul Templar, chief executive officer, VIPR
 • Steve Farrell, global chief operating officer, Acrisure Re
 • Warren Gunn, chief technology officer, TIW Group
 • Catherine Bell, MGA representative on the MGAA board, and chair of Magenta Insurance

 Find out why MGAs still look nervous, despite riding the crest of the wave


 For more information contact:

 Gina Baillie
 Project Manager
 Intelligent Insurer


 Brought to you by Intelligent Insurer in association with:




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