MGA SERVICES
MGA/MGU/PA Value Proposition:
Provide program specialists with a unique business model that allows access to greater capacity and expansion through worldwide reinsurers while enhancing program control and protection.
Key differentiators:
Decreased dependency on the traditional direct carrier model maximizes MGA franchise value
Highly aligned model that empowers MGAs and program managers to take control of their reinsurer relationships and better insulate the business from the changes in traditional carrier market appetite
More autonomy to operate as a true insurance specialist without unfair and burdensome overhead allocations
Spread of risk across multiple reinsurers
Broad geographic availability and appetite
Lines of business – expansion into correlated coverages
Structured reinsurance placements allowing for markets higher limits product offerings
Avoidance of channel conflict
More insulation from changes in capacity by continuing as the ‘paper’ and thereby limiting disruption for MGAs and program managers. Changing reinsurers within a reinsurance panel is seamless to the policyholders and agents.
Other Benefits & Services for General Agents
Flexible Data Formats
We have broad capabilities to accept most formats, data order, and data segmentation so long as it includes all the data fields and transactional details needed.
Access to ISO/ISO Net and Other Rating Agencies
Our participation with ISO allows us to extend access to ISO and ISO Net resources to our agencies, potentially at no cost for basic services.
Data Archiving and Reporting
Complete program extracts are available to our current clients at no charge. Custom formats, reports, and analysis are available.
Due Diligence Packages
The due diligence information is available to our clients for multiple purposes including market expansion and new product development.
Regulatory Research
Research capabilities available for our clients on new product concepts, new jurisdictions, or structural change for no additional cost.
Filings Research
Assistance with locating competitive filings for your agency to build new products, research competitor’s offerings, or determine trends or recent activity.
Market Introductions
Ability to assist your broker with introductions to reinsurance markets that align with your program needs. That also includes introductions to companies that specialize in captive creation and management for agency risk sharing potential.
Claims TPA Referrals
Claims TPA referral recommendations that are bespoke to the program MGAs.