October 7th, 2009

Chart: Greatest Challenges in the PA/MGA Market

Posted at 12:28 AM ET

mga_chart_2

The changes in financial conditions and expectations for the market have reshaped the challenges that MGAs are facing. Only 67 percent see new business production as a challenge, down from 77 percent last year. Premium growth has fallen as a concern, slipping from 66 percent last year to 58 percent this year. Maintaining current rate levels is perceived as being more challenging, with 61 percent of respondents citing it this year, compared to 58 percent last year.

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