Despite challenges, this is a very positive time for MGAs, many of which have the opportunity to shine in the current conditions—especially those able to leverage technology, says Mike Keating of the MGAA.
Managing general agents (MGAs) have the agility, innovation and talent to thrive and seize the opportunity in current market conditions, despite some pretty major obstacles they are also grappling with.
“Most are well positioned to thrive” is the conclusion of Mike Keating (pictured), chief executive officer of the Managing General Agents’ Association (MGAA), commenting, in part, on the conclusion of a survey conducted by Intelligent Insurer in partnership with the MGAA.
The survey examined the major trends, opportunities and challenges facing MGAs at the moment, and the results are explained over the following pages.
MGAA, MGAs, Mike Keating, Market Conditions, Claims Inflation, Technology, Rates, Global, Insurance, Reinsurance