In Depth: The influence of the MGA space on schemes
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Cristina Diciu explores the impact of MGAs on schemes, and examines what brokers can do to capitalise on the competitive environment, in part two of our series with Travelers.
The schemes space has, in recent years, seen more and more managing general agents enter the market, according to scheme provider Travelers.
Acting as extensions to insurers, MGAs’ increasing influence in schemes has created a mixed bag of opportunity and challenge for competing scheme brokers.
Matthew Schofield, chief underwriting officer of Q Underwriting, explains: “I think MGAs have inbuilt capabilities to handle schemes, probably more so than a broker would. They’ve got product teams
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