Blog: The MGA opportunity

Janthana Kaenprakhamroy, of MGA Tapoly, addresses how managing general agents might be able to help brokers solve some of the key problems the market faces in the wake of coronavirus.

As we all know, the insurance market has been hit hard by Covid-19. According to the Association of British Insurers there will be estimated claims pay outs of £1.2 billion to support businesses and individuals affected by the lockdown. This will cause liquidity concerns due to both an increased outflow of claims monies and a reduction in inflow of premiums due to policy cancellations. This double whammy will put operational and financial constraints on many insurance organisations during the