Market Research
ReSource Pro and InsurTech NY partner on exclusive market research
Dive into the evolving landscape of startup MGAs.
Our study provides a comprehensive view of the sector’s maturity, operational dynamics, technology stack, and more. Through surveys with 50 startup MGAs and in-depth interviews, along with secondary research, we explore the challenges and opportunities digital MGAs face today.
This collaborative approach delivers valuable insights for both startups and established players, highlighting areas for innovation and growth. Aligned with these findings, our MIS managed technology services address core MGA needs, from rate and quote to billing and reporting. By streamlining operations, MIS empowers MGAs to remain competitive, making this research essential reading for emerging industry players.
Research paper preview & highlights
- In-depth analysis of the insurtech MGA landscape, examining the maturity, operations, and tech adoption of MGAs under 10 years old.
- Data-driven insights from surveys and interviews with over 50 MGAs, covering business models, capital strategies, and Gross Written Premium.
- Highlights of MGA roles in market innovation, especially in specialty lines and new models like parametric and embedded insurance.
- Insights into funding needs and how MGAs use a “capital-light” approach to scale.
- A look at tech-driven operations, with over half of MGAs using custom solutions to boost efficiency.
- Review of MGA distribution strategies and the challenges of scaling effectively.
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Author information
Mark Breading
Senior Partner, ReSource Pro
Mark is well known for his perspectives on the future of the insurance industry and innovative uses of technology in insurance. His specialty areas include insurtech, transformational technologies, innovation, and distribution strategies. Previously, he was partner and chief research officer at Strategy Meets Action, a leading strategic advisory firm, and has consistently been ranked as one of the “Top 50 Global Influencers in InsurTech” by InsurTech News.
David Gritz
Co-founder and Managing Director, InsurTech NY
David Gritz is a venture capitalist and InsurTech community leader. He is a prolific speaker featured at ITC Vegas, InsurTech Insights, LIC, and Reuters. David runs InsurTech NY, the largest insurtech community in the US. Under David’s leadership, InsurTech NY accelerated 150+ InsurTechs, incubated 30+ MGAs, and attracted $1B+ in capital to its cohort companies. Previously, David served as the Director of Innovation for the Silicon Valley Insurance Accelerator (SVIA) and co-founded Zero, a behavioral safety-focused InsurTech acquired by EverestRe.