5 Mar

Hardening in the construction and engineering market is putting the focus on profitability

The managing general agent (MGA) space continues to evolve and present the more entrepreneurial members of the insurance market with opportunities to build agile businesses that add value to both brokers and capacity providers in their sector of expertise.


MGAs can be much nimbler in terms of the product offering and their ability to bring new products to market quickly. In addition, MGAs should be providing a high level of service that very large insurance companies can struggle to match. As the MGA sector continues to evolve, the ownership structure and capacity partner will be significant contributors to success.


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