MGAs
Insurer
Broker
Top 10 most innovative MGAs in France
The French insurance sector has fully embraced the MGA model in recent years, as a way for insurers and reinsurers to cater to new risks, reach new markets, and drive new revenue streams. While the French MGA market is less evolved than the UK and US, it is rapidly catching up, and a wave of […]
Drowning in insurance compliance? Automation could be the answer
Insurance companies and MGAs are grappling with more rules than ever, as regulators strive to keep up with a rapidly evolving sector. Regulation is vital for a healthy and thriving insurance industry; to maintain consumer confidence and continued growth. However, it can also be a headache for insurance companies; in a recent survey of insurance […]
Top 10 Most Innovative MGAs in the UK
The UK MGA sector is one of the most advanced in the world, boasting over 300 businesses, which currently underwrite over 10% of the country’s £47 billion general insurance premiums. Inspired by the rapidly evolving risk landscape and the power of new technologies, new MGAs are constantly emerging to fill gaps in the market. At […]
Top 10 most innovative MGAs in Canada
Canada’s MGA sector is growing fast, as customers seek targeted and niche cover to protect them from evolving risks. There are now more than 80 MGAs across the country, and in commercial lines, they make up around 10% of gross written premium. Plus, there is still huge potential for innovation and growth, with predictions that […]
Customer story: How Alta Signa is powering in-person distribution with Insly’s technology
Fast-growing specialist MGA, Alta Signa, wanted a more sophisticated technology solution to improve speed to market, build process efficiency, and give the business flexibility to evolve and scale its in-person distribution model. After a detailed evaluation, it chose Insly due to its ability to manage the whole insurance lifecycle and MGA expertise. Just a few […]
Australian Underwriting Agencies: Market Outlook
Australian underwriting agencies – like MGAs in the UK – have complex operational, accounting, and reporting needs, which are distinct from brokers and insurers. They need a technology platform with the flexibility, functionality, and data capacity to enable profitability and growth. Underwriting agencies play a critical role in the Australian insurance market, enabling customers to […]
MGA Industry Trends 2024: Insly Market Outlook
MGAs are known for their resilience and agility, in a world where staying competitive means moving quickly and keeping up with the latest trends. Despite economic headwinds, there are still plenty of opportunities for MGAs to innovate and grow, through developing new products, reaching new customers, and digitising insurance systems and processes. Want to know […]
Insly in 2023: Highlights of the year
Happy New Year from the Insly team! As we kick off 2024, we wanted to take a moment to look back over the highlights of the last 12 months, both for Insly as a business and on our popular blog. We made some huge steps forward in our mission to revolutionise the insurance industry in […]
Customer Story: Insly helps Ridge Canada deliver data-powered cyber insurance
When Ridge Canada wanted to enhance decision-making, scale its operations, and better support its brokers and end clients, it chose Insly due to its flexibility, data management capability and specialist insurance expertise. With three products now built on Insly, Ridge can bind its specialist cover in just ten minutes, and the business is growing fast, […]
5 strategies to enhance claims handling for better customer service and efficiency
For MGAs and insurance companies, claims handling is the costliest aspect of the insurance lifecycle, accounting for around 75% of total costs in motor and about 55% in home cover, according to the Financial Conduct Authority. Yet, it has also been one of the slowest areas to digitise and automate. As of last year, only […]
