The managing general agency model is attracting a number of ambitious underwriters keen to step away from established insurers to build nimble, specialized, and client-focused MGAs. For many, launching an MGA is a chance to offer a more tailored approach to fill product and distribution gaps not prioritized by traditional insurers.
However, success in this sector involves more than just a solid business plan and securing capacity; it requires a robust culture, operational resilience, and agility.
What Makes a Successful MGA?
Thriving as an MGA demands three core elements: a keen eye for client success, a culture of innovation, and a focus on scalability. Together, these lay the gr