MGAs are at a tipping point
Richard Webb, Manchester Underwriting; Michael Keating, MGAA; Philippe Gouraud, Rising Edge; Katherine Snedden, BIBA
A strong rate environment and successful relationships with capacity providers during the hard market have put many MGAs on a strong footing—and there are many more opportunities ahead for those able to deliver.
On the back of hardening rates and plentiful capacity in many lines of business combined with new technologies making operations more efficient, this is a buoyant time for many managing general agents (MGAs). But challenges remain in some lines—and for some MGAs not keeping pace with change.
Those were some of the discussion points that came out of a panel discussion delivered by Intelligent Insurer, in partnership with the Managing General Agents’ Association (MGAA) and hosted on the Re/insurance Lounge, the publication’s online, on-demand platform for debate and discussion.
In attendance were Philippe Gouraud, chief executive officer, Rising Edge; Michael Keating, chief executive officer, MGAA; Ian Lloyd, chief executive officer, iprism Underwriting; Katherine Snedden, chief risk officer at DUAL Corporate Risks and a member of the advisory board at the British Insurance Brokers Association (BIBA); Kenneth Underhill, compliance, risk and corporate governance specialist and director of risk and compliance consulting firm Implement Compliance Solutions and Resources (ICSR); and Richard Webb, director, Manchester Underwriting.
MGAA, Rising Edge, DUAL, BIBA, ICSR, Manchester Underwriting, Insurance, Reinsurance, Philippe Gouraud, Michael Keating, Ian Lloyd, Katherine Snedden, UK