X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
MGAs allow for specialized, often sector-specific, insurance underwriting expertise in a carrier's portfolio. (Photo: Jiw Ingka for Shutterstock) MGAs allow for specialized, often sector-specific, insurance underwriting expertise in a carrier’s portfolio. (Photo: Jiw Ingka for Shutterstock)

The insurance marketplace is seeing an increase in the use and popularity of managing general agents, or MGAs, also known as managing general underwriters (MGUs).

MGAs write business through comprehensive “programs” under which the MGA is responsible for underwriting and administration, in addition to placing the business with the carrier. Growth in premiums written through program business exceeded that of the total property & casualty market by 32% in 2016, a trend that has continued since then into 2019, according to Conning.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.