The Insurance Couch - MGAs

Get Your Insurance Fix on "The Insurance Couch" Podcast! Join Oliver Lang, former CEO of InsurTech Unicorn Wefox/One Insurance, Supervisory board member and Advisor and Nikolaus Sühr, Co-Founder and CEO of InsurTech Enabler KASKO as they bring you unique insights from their experiences in the insurance world.  This episode is all about MGAs and their practices 🎙️ These are some key points about what to expect to learn from the conversation in this podcast session: MGAs are just like an insurance company without taking risk, buying reinsurance and investing assets The difference between agents and MGAs is the delegated authority (products, underwriting, pricing, claims) MGAs outsource the regulatory burden and solvency capital requirements to insurers Only start an MGA when you have at least one of these superior capabilities  1) distribution 2) product, underwriting, pricing 3) claims As an insurer, you must find a way to identify and manage good MGAs – or you will incur losses Three growth areas for MGAs. Embedded insurance (both brands/platforms and insurers)commercial underwriting and innovation 2.0 (for insurers)  Listen in to "The Insurance Couch" to stay tuned for the newest chatter about the industry!  #insurance #insuranceindustry #versicherungsbranche #versicherung #versicherer #MGA #Assekuranz