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At a challenging time for the market, Tim James writes for Insurance Day, explaining how MGAs can seize the opportunity to thrive
“As we move into a new decade, the trading environment for MGAs continues to be a challenging one”
In the face of ongoing capacity reviews from both Lloyd’s and the company market, increased regulatory obligations in the form of the Senior Managers and Certification Regime (SMCR) and of course the looming spectre of Brexit, Tim explained that he sees an opportunity for MGAs to thrive.
He believes that by demonstrating operational efficiency, focusing on their specialism and marketplace, developing a strong and scalable platform and embracing technology, MGAs can have look to the future with confidence and tackle these challenges.
Click here to read Tim’s article in full and learn about his “blueprint” for future successful MGAs (subscription required)