The Blog Spot: The bright outlook for MGAs
MGAs argue they are more nimble and adaptable than traditional insurers, are they the future for the insurance sector?
One of the current big trends in the insurance industry is for businesses to go down the managing general agent (MGA) route, with many new MGAs popping up over the last few years.
A new motor fleet MGA launched just last week. Insurers are backing them and brokers are setting up their own to add to their existing businesses.
For example, Markerstudy revealed its new commercial MGA venture in May this year, while Brightside Insurance CEO Mark Cliff has stated that the broker is developing an
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