MGA Association outlines new strategic goals including Brexit advice

The Managing General Agents’ Association (MGAA) has unveiled new strategic plans which include advising its members on Brexit and new annual sponsors at its third annual conference taking place in London today (Tuesday July 4).

As part of its new plans, the association is embarking on a number of key projects including: developing a single due diligence pack for insurers and providing members with specific Brexit-related advice and, should the need arise, a possible solution.

To deliver these and other future projects, the Association has secured new annual sponsorship from Tokio Marine Kiln, the MGAA’s principal sponsor, and Argo Global and Ergo who become gold sponsors. BLM and Arch Insurance also become annual sponsors.

Charles Manchester, chair of the Association, said: “With more regulation than ever, the longest soft market ever, the uncertainty of Brexit and the immediacy of InsureTech - whether friend or enemy -the old ways have gone forever. And, seemingly, the MGA world is more in the spotlight as a result. The Association can and must take a leading role in supporting members to continue to thrive in such changing and challenging times.

“The generosity and support of our new partners will enable us to deliver against our strategy. Their support goes beyond financial sponsorship and into providing facilities and services to help us deliver to our members; they are true supporters of the MGA sector.

“The MGAA will become increasingly relevant to its members (MGAs, insurers and suppliers) as we begin to deliver on these things.”

Managing General Agents Special Report 2017

This special report explores the challenges and opportunities facing MGAs and how they have an opportunity to prosper and thrive in the current environment if they embrace an entrepreneurial spirit and their greater potential innovation and flexibility compared with bigger players. Click here to read.

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