An SMA Research Report
- Author(s):
- Deborah M. Smallwood, Senior Partner
- Publication Date:
- January 27, 2015
- Number of Pages:
- 47
- Price:
- $4,500.00 USD
Historically, research on MGAs has not been widely undertaken, yet both MGAs and program business serve critical roles in the P&C industry. In fact, the number of MGAs and their importance continue to increase, and program business is the fastest growing segment within Commercial Lines. This research report takes a comprehensive view of this market segment. SMA administered an online survey of over 75 MGAs, examined over 300 MGA/Program Administrator websites, reviewed existing SMA and other industry research, and conducted telephone interviews with 8 MGA companies in the market.
The MGA Market Sizing report addresses:
- The definitions and blurring of roles of MGAs, MGUs, General Agents, and Program Administrators
- The size of the market in terms of companies, premiums, programs, and IT spending
- The organizational structure, buying behavior, and process flows of MGAs
- Business drivers, plans, and priorities for technology spending
Figure 1 provides an example of the research data – the number of programs and MGAs in the US market.
Table of Contents
- Executive Summary 3
- Summary of Findings and Analysis 3
- Baseline Definitions 8
- MGA, MGU, GA, & PA Definitions Along with Program Business and E&S 8
- Market Size Analysis 12
- US CL Written Premium, Programs and MGAs, MGA Market Size, and IT Spending Projections 12
- Detailed Findings and Analysis 17
- Profiles, Buying Behaviors, Organization Structure, IT Investments, and Business Process Flow 17
- SMA Call to Action 24
- Action Plan for Solution Providers, MGAs/Program Administrators, and Insurers 24
- Survey Details 27
- Business Drivers, Technology Function, Technology Spending and Priorities 27
- SMA Research Methodology and About SMA 41
- Research Source Citations 45