The December 2024 report outlines key business and technology trends for property and casualty MGAs, noting that newer MGAs benefit from modern platforms free of legacy technical debt, enabling better customer experience and efficiency. MGA formation and consolidation are rising, with backers like private equity and brokers attracted to the model’s high-premium growth potential and fewer regulatory constraints. Vendors are increasingly tailoring low-cost, rapid-deployment solutions for MGAs. Traditional insurers are expanding into the MGA space to access excess and surplus markets. Revenue-based pricing is recommended, as MGAs operate on commissions, not premiums.

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