’If we can’t service the broker quick enough, we’d lose the sale, they lose the sale, conversion drops and ultimately it hurts all of us,’ says head of broker development
One broker highlights fears that MGAs may be looking ’to all sorts of weird and awful sources of capacity’
Insurance Times asks industry leaders what properties of managing general agents (MGAs) enables them to compete in the underwriting market when offering insurance solutions
It is imperative to embrace the opportunities AI can offer in terms of back office functionality, but insurance professionals shouldn’t fear for their jobs just yet
The capacity conundrum is causing insurers to exit lines of business – leaving the door wide open for MGAs to get cosy with brokers to better serve end clients
Counter-fraud experts question how commercial brokers are being trained to spot insurance fraud
Historically, insurtech has been considered a male domain – but how are emerging technologies opening up opportunities for women to progress their careers?
Brokers and MGAs investing in software that is new, improving a process or addressing an uncertainty could benefit from R&D tax relief