What is a Managing General Agent?

DATE: 01/01/2018

The Managing General Agents’ Association defines a Managing General Agent (or MGA) as “an agency whose primary function and focus is the provision of underwriting services and whose primary fiduciary duty is to its Insurer principal”.

Consequently, Managing General Agent’s perform various functions ordinarily handled solely by insurers, such as binding coverage, underwriting and pricing. Managing General Agents benefit insurers because the expertise they have at their disposal is not always readily available and would be more expensive to develop in-house.

How Can A Managing General Agent Assist My Firm?

As the business world continues to change and evolve we ensure that we continue to offer the very best products and service to brokers across the UK.

Our insurance policies provide specialist cover to Insurance Brokers working within areas such as; Property Owners, Liability, SME, Commercial Combined, Catering and Caravan.

You can view a full range of our products by visiting our products page: http://www.commercialexpress.co.uk/products/.

Why Choose Commercial Express As A Managing General Agent?

At Commercial Express, our expert underwriters work in partnership with over a thousand agents, many of which are members of the British Insurance Brokers Association, providing numerous products and services, tailored to meet the very specific needs of their customers across a range of industries.

As a leading Managing General Agent we offer training to the agents we work with, to ensure that they have the very latest insight into our products. We take pride in helping to shape the development of the agents we work with.

It is our aim to provide as much as we can by way of service and support to help agents maintain the knowledge they need to provide the best policies to their customers.