Regulatory 'red tape' is key factor affecting growth, MGAA survey reveals
Industry body conducted research with partner Castel.
Regulation is the biggest factor affecting growth prospects, according to a recent survey from the Managing General Agents’ Association (MGAA).
The first MGAA Matters survey, conducted in partnership with Castel Underwriting Agencies, 70% of respondents cited the cost and level of ‘red tape’ on their businesses as the key factor affecting growth plans over the next three years.
MGAs also highlighted the increasingly competitive market (56%) and softening marketing conditions (46%) as other
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