The role of MGAs in the value chain

Office and home workers and MGA with umbrella_concept

Blog: The number of managing general agents in the UK has exploded in recent years, and it’s a trend that shows no sign of slowing down. Andy Colbran, CEO Of Nuventure, questions what is driving this growth, and is it due to the fact that MGAs are providing value that cannot be found elsewhere in the market?

The popularity of MGAs can be explained by a number of factors. There is the need to employ new technology in the risk selection and underwriting process, which many large insurance entities find

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Claims service stayed steady at end of 2024

The consistent improvement in claims service seen over the last 18 months plateaued at the end of 2024, with the market average NPS remaining at -4 and just one point up on the NPS recorded at the end of 2023.

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