Trying to find capacity for start-ups a “chicken and egg situation” says A-Plan’s Carl Shuker
Panellists at the MGAA Conference note there is not enough data when it comes to insuring start-ups, and urge MGAs to embrace rate hardening.
Experts have warned that they are struggling to find capacity for start-ups due to the risks involved in covering them.
During a panel session at the MGAA Conference earlier this week, a mix of brokers, insurers and managing general agents (MGA) discussed the hardening of the insurance market.
Stuart Wright, chief executive officer of managing general agent Omnyy, noted that AIG and Lloyd’s are “leading the charge” in the hardening of the market.
He added: “MGAs should absolutely embrace rate
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