As market conditions start to soften, Managing General Agents (or MGAs) and program administrators are well positioned for future growth.
MGAs wrote more than $114 billion in direct premiums in 2024, up 16% from the prior year and outpacing the overall P&C market, according to Conning. While 2025 data is not yet available, we expect it will show continued momentum that will carry into the early half of 2026.
Sustaining that trajectory will require MGAs to tackle a few challenges in 2025, from using data and AI more intelligently to navigating the ongoing underwriter talent shortage. Here are five trends we expect to shape the MGA market over the next 12 months.
The slideshow above illustrates five trends shaping the MGA market heading into 2026.
In 2026, we expect more MGAs to invest in underwriting and pursue AM Best DUAE ratings to differentiate their services. At Amwins, we were the first entity to receive an exceptional rating and currently, we’re heading into that rigorous assessment process for the third consecutive year. Achieving third-party attestation builds confidence with carrier and reinsurer partners. It can also streamline audits and internal security reviews.
Focus on sustainable growth
The MGA sector has entered a fresh phase, one defined less by growth and more by precision and partnership. Those that combine data and analytics with niche expertise will continue to be highly sought after by carriers, reinsurers, agents, brokers and customers alike.
Amwins Underwriting President Ryan Armijo is responsible for overseeing profitable growth, enhancing underwriting performance, growing premium, and driving value for clients. As a national MGA platform, Amwins Underwriting’s specialized programs address specific industry needs, deploying niche expertise to help carriers, retailers and wholesalers grow their business. Ryan can be reached at ryan.armijo@amwins.com.
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