Channel Strategies and Plans for MGAs: A View of MGAs' Growing Footprint in 2023

Mark A. Breading, Partner
Publication Date:
August 15, 2023
Number of Pages:
$1,495.00 USD

MGAs and MGUs have a unique vantage point in P&C insurance distribution by sitting at the intersection of carriers and retail agents/brokers. Amid evolving market dynamics, MGAs are well-positioned to leverage their expertise, capitalize on technological innovations, and help reshape the future of insurance distribution. At the same time, they are exploring new and expanded channel partnership options to reach their target customers.  

This research report examines MGAs’ current and future channel expansion plans, including how they expect distribution to change, the most common partnerships/affiliations they use today, their sentiment toward insurtech partnerships, and the types of channels MGAs plan to leverage in the next three years. The report concludes with ReSource Pro’s tips for MGAs aiming to enhance their channel presence and strategies in 2023 and beyond.  

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Table of Contents

  • About This Research Report 3
  • Key Trends in the MGA/MGU Segment 4
  • Today's Channel Environment 5
  • Current MGA Channel Partners
  • The Prevalence of MGA/Insurtech Partnerships
  • A Glimpse into the Future: MGAs and Insurance Distribution 9
  • Anticipated Changes in Insurance Distribution
  • Partnership Expansion Between Carriers and MGAs
  • MGAs’ Channel Expansion Plans
  • Call to Action 13
  • About ReSource Pro Consulting 14
  • Use of Our Reports
  • About the Author