Dec.1, 2021 — By Mark Breading, Strategy Meets Action — It would not be an understatement to say that Managing General Agent (MGA) and Managing General Underwriter (MGU) business has exploded in the past five years.Given agents and brokers need to partner with MGAs to deliver expert insurance solutions for their most complex and specialty clients, that growth is hardly a surprise.
But the agent/broker channel is experiencing record consolidation that may present new challenges to MGAs’ expansion plans.At the same time, changes across the insurance ecosystem are poised to alter the distribution landscape.Without future-thinking strategies focused on technology innovation and investment, MGAs could face business roadblocks as distribution changes.
Health Insurance USADisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Health Insurance USA.
Publisher: Insurance Canada
Publisher: Insurance Canada
