Managing general agents and underwriters occupy a distinct space in the insurance world due to their broad policy oversight and administrative responsibility.
MGAs and MGUs accounted for nearly 90% of total global underwriting revenues in 2022, according to Insuramore. While most of these organization are independent, just under a quarter of them in 2022 were owned by insurance carriers, and a smaller fraction, representing about 10%, were owned by brokerages.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
