MGAs are becoming more established within the UK insurance distribution model, both within personal lines and commercial lines. Here we explore how the MGA sector has changed over the last few years and how we expect it to change going forward.
Identify where MGAs can offer you growth opportunities.
Understand which insurers are using MGAs to drive growth.
Are MGAs growing in number and which products are they offering?
How is the FCA responding to the growth in MGAs?
Which insurers are backing MGAs?
The rise in broker-owned MGAs has had a profound impact upon growth within the MGA market.
Greater regulatory focus is now being placed on MGAs as their marked growth has drawn further scrutiny and interest from the FCA.