New guide on scaling an MGA from £10m to £50m GWP launched

Insly has launched a new guide on how to scale an MGA.

Called How to scale your MGA from £10m to £50m, the new guide draws on insights from MGA and insurance experts.

It also provides a blueprint for some of the most common operational, people and technological steps founders can take to expand their gross written premium (GWP) and bottom line.

The insurance software partner for MGAs and insurers said it was launching the guide as ”many founders struggle to transition from a successful small MGA to beyond the £10m mark”.

“You can build a £3 to £5m GWP MGA — and sometimes even up to £10m — with a strong founder-led model, but transitioning from £10m upwards requires investment and planning,” said Risto Rossar, chief executive and founder of Insly.

“MGAs must think about capacity, funding and leadership, plus, critically, ensuring they have the operational foundations to handle more business as they grow.

“Scaling an MGA beyond £10m GWP doesn’t happen by accident, it requires a clear strategy.

“The ones who make it have a clear niche, proactive capacity relationships and invest early in operational scalability. While every MGA is on its own unique scaling journey, starting with strong foundations and following our eight steps puts MGAs in a fantastic position to move to the next level.”