July 18th, 2013

PA/MGA Survey: Operating Platform

Posted at 1:00 AM ET

Carriers continue to maintain flexibility regarding their requirements for the services they expect their PA/MGA partners to perform and what they feel they need to control. Consistently, respondent carriers expect their PAs/MGAs to underwrite (94 percent), rate, quote, bind business (94 percent) and issue and service policies (85 percent). Most of the other services, even though not required or expected of PAs/MGAs, are often performed by them, a third party, or in many cases, the carriers’ themselves.

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