Strong support among brokers for MGAs’ role in niche markets

Some 93% of brokers feel that niche insurance markets are currently underserved, while 94% of brokers say that they work with MGAs to overcome placement challenges encountered with traditional carriers.

That was according to a survey released today (31 March 2025) by MGA Corin Underwriting, which said the report “highlights overwhelming support for the role of MGAs in addressing gaps left by traditional insurers.”

The report also identified service standards as a key area in influencing brokers to work with MGAs.

Some 49% of survey respondents said that commitment to timely and partner-level service “strongly influences” their decision to work with an MGA, with additional 37% reporting that it has a “positive impact”.

’MGAs central to brokers’ placement strategies’

A total of 147 UK and Irish brokers were surveyed.

Lee A’Court, senior claims manager at Corin Underwriting, said: “Claims service is where promises are truly tested. At Corin Underwriting, we pride ourselves on managing claims efficiently and effectively in-house, particularly for niche and high-hazard sectors where others may lack the expertise.

”This capability not only reinforces broker trust, but also strengthens our relationships with both brokers and insurers by delivering on our commitments.

“With many insurers withdrawing from certain classes of business, MGAs are increasingly central to brokers’ placement strategies. MGAs’ ability to deliver tailored products quickly, coupled with robust claims support, positions them as indispensable partners in a rapidly changing market.