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 services to brokers across the UK.
Our insurance products provide specialist cover to Insurance Brokers working within areas such as Property Owners, Liability, SME, Caravan & Trailer and Catering & Event.
During 2022 we have been able to bring a host of great new products to the 40 strong product offering which aimed to provide superior choice and capacity providers to brokers. This aggressive product development and reviewing strategy means that the business continues to introduce new and market-leading products to the broker network, whilst at the same time constantly looking to improve the current product offering.
You can view a full range of our products by visiting our website commercialexpress.co.uk.
Why Choose Commercial Express As A Managing General Agent?
At Commercial Express, our expert underwriters work in partnership with over 650 agents, many of which are members of the British Insurance Brokers Association, providing our vast selection of products and services, often tailored to meet the very specific needs of their customers across a range of industries.
As a leading Managing General Agent, we offer free learning 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 we believe in giving our brokers added value. It’s one of the reasons why we developed and have recently updated CE Learning – our interactive and most importantly, free online learning platform for insurance professionals.
Launched in 2019, CE Learning offers more than 500 courses to help develop business skills, insurance compliance, product awareness and assessments – and what’s more, our programme was awarded the coveted MGA Initiative of the Year award by Insurance Times.
It is our aim to provide as much as we can by way of service and support to help our brokers maintain the knowledge they need to provide the best products to their customers.
