The managing general agent (MGA) market continues to be one of the fastest growing insurance segments.
The MGA and program market growth in 2016 exceeded that of the total property-casualty market by 32%, according to a new study by Conning.
MGA-produced business accounts for a growing share of both commercial and personal lines premium spread over an increasingly large number of insurers. Insurers and reinsurers are attracted to MGAs, who can provide underwriting expertise and access to specialty business that may be difficult to reach.
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Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
