More than half of insurtech MGAs — 59% — employ a direct-to-consumer distribution model. (Credit: yutthana/Adobe Stock)
Insurtech MGAs are developing innovative new products and reshaping the insurance industry’s distribution models, according to a new report from ReSource Pro and InsurTech NY.
The study of 50 MGAs found that 80% are creating their own unique products, including specialty lines, liability and emerging forms of coverage, such as parametric and on-demand insurance.
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