An MGA is an intermediary authorized by insurers to underwrite, price policies, and sometimes handle claims on their behalf.
An MGA is an intermediary authorized by insurers to underwrite, price policies, and sometimes handle claims on their behalf.
MGAs provide access to niche markets, faster underwriting, and customized solutions for complex risks.
Unlike carriers, MGAs don’t assume risk directly but operate under authority granted by insurers.
Typically, MGAs partner with agents and brokers, but some may provide direct access for specific industries.
Yes, MGAs are licensed and regulated by state insurance departments to ensure compliance and consumer protection.