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ARTICLE · 12 NOVEMBER 2024

New GILC Report On Global MGA Markets

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Global Insurance Law Connect (GILC) has launched its report, Innovation abounds: opportunities for growth in the global MGA market, providing insights from 18 countries into the proliferation of MGAs...

NetherlandsInsurance

Global Insurance Law Connect (GILC) has launched its report, Innovation abounds: opportunities for growth in the global MGA market, providing insights from 18 countries into the proliferation of MGAs in the global insurance market and the distinct regulatory environments in each jurisdiction.

The report found that the use of MGAs varies significantly around the world. In certain markets, MGAs are used to fill capacity gaps and introduce niche underwriting ideas, while in others they can help larger insurers remain innovative or showcase and support outsourcing models for claims and distribution.

MGAs expected to take-off in less developed markets
The report found that in multiple different ways, MGAs are healthy for the insurance market, and this is reflected in their ongoing growth and expanding geographical spread.

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