According to Insurance Times’s Five Star Rating Report: MGA Market 2020/21, published last month, a third (33%) of the 1,276 brokers surveyed are very concerned about the prospect of removal of capacity from a managing general agent (MGA). Around 38% of brokers said they were moderately concerned about this potential problem and 8% are extremely worried.
Industry voices concur that MGA capacity is very much on their radar as a potential issue.
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