Commercial insurance is the backbone of the global economy, enabling businesses to trade confidently, knowing they’re protected if anything goes wrong. As businesses have evolved, commercial insurance has innovated alongside them, to cater to a whole new set of risks and ways of working.
Businesses must now manage and mitigate risks from cyber-crime, climate change, geopolitical volatility, and increasingly complex operations and technologies. Commercial MGAs are at the forefront of developing products to address these emerging threats while innovating their operations to reach new customer segments, optimise the customer experience, and maximise profit margins.
Here’s our pick of ten of the most innovative commercial MGAs in 2025:
Catering to businesses unable to secure cover from mainstream insurers, Accelerate Underwriting creates bespoke products and solutions rather than offering pre-packaged products. Key to its success is its web-based trading platform, AcceleRATER™ which speeds up and streamlines the process of transacting non-standard specialist and niche products with brokers. This is a game-changer, enabling Accelerate to write smaller policies more profitably while spreading the risk more widely than otherwise possible.
A data-driven approach is at the heart of District Cover’s success. By combining technology, data-led underwriting, and human insights, the company excels at identifying favourable risks in neighbourhoods that mainstream insurers often deem too risky to insure. Selling both direct and through brokers with knowledge of local neighbourhoods, the business provides hyper-granular analytics, risk selection, and portfolio management tools to help broker networks write businesses profitably.
Launched in November 2023, Texas-based Futuristic Underwriters brings together technology and underwriting specialists, to offer “tech-driven” insurance. Focusing initially on commercial automotive and general liability covers, it differentiates itself through a state-of-the-art distribution platform, proactive claims handling and technology that helps clients assess and reduce the risks they face. With plans to also leverage AI, it is one to watch.
C-Quence puts data and the latest technology at the heart of delivering a top-class service to brokers. Its proprietary platform, C-Q Elements, leverages algorithmic underwriting, AI, and robotics to automate administrative processes, making it easy for brokers to serve clients quickly, at lower cost, and with an enhanced service. It claims to underwrite 70% of business through algorithmic underwriting, and its innovative approach was recognised with two awards at the Insurance Post Technology and Innovation Awards in 2024.
German MGA, Baobab, is a cyber specialist which combines integrated cyber security measures with its policies, to minimise the risk of an attack in the first place. These include a weekly cyber risk scan, notification of security breaches, phishing simulation training, awareness training, cyber security onboarding, and more. The company also has a user-friendly broker portal, digital application process, and cyber support for its brokers, to help build strong distribution partnerships.
Based in Auckland, Cactus is on a mission to ensure all Kiwi businesses have the right insurance, with tailored packages for construction and trades, commercial property, hospitality, and retail. It differentiates itself on its personal, down-to-earth approach, which minimises paperwork and jargon. It has also set up an affiliate network to offer deals and benefits to customers.
Founded in 2018, Fusion Specialty aims to make mergers and acquisitions (M&A) insurance accessible for a wider range of businesses, from SMEs to large corporations. With policies spanning warranty and indemnity (W&I), tax liability, and contingent risks, it is one of the largest M&A specialists in the APAC region and has a growing footprint around the world, with licenses to sell its policies in the US, UK, and Europe.
Founded in 2004, CHES Special Risk offers over 300 products to businesses spanning jewellery stores, student rentals, vape stores, high-end homeowners, property & general liability, convenience stores, tattoo and skin art, and beyond. Selling primarily through its broker network, the company allows brokers to combine numerous products into one policy, providing a one-stop shop. Plus, in September 2024, the company launched a new online platform, allowing brokers to quote and bind policies in real-time.
As the insurance arm of law firm rradar, UK-based rrelentless promises to “rethink risk, redesign insurance” by focusing on preventing and managing risks through education, training, and knowledge sharing. Drawing on its legal roots and through its cutting-edge digital trading platform, its first product is cyber insurance, launched in March 2024, and designed to help customers recover as quickly as possible through access to rradar’s services, people, legally privileged advice, and risk management tools.
Driving innovation in the niche commercial motor market, Signature Underwriting offers insurance for couriers, taxis, fleet, and commercial vehicle fleets. Distributing through brokers, its dedicated broker portal streamlines the quote process for single vehicles substantially, while more complex quotes are handled by one of the team. Signature also offers discounts to customer using telematics and camera technology and offers full claims management in-house.
Building a truly innovative MGA is only possible with the right digital foundations to drive operational efficiency, reduce manual administration, and provide data visibility and reporting.
Insly’s low-code software is built by MGA and technology specialists and designed to be flexible and scalable to your business needs. With a modular approach, the Insly platform covers the entire insurance lifecycle and integrates seamlessly with existing software and systems.
Working with MGAs across all product lines, at any stage of their digital journeys, Insly delivers fast ROI through improved processes, reduced overheads, a shorter sales cycle, and greater profitability.
To find out more about how Insly can help your MGA on its innovation journey, book a demo.
