AM Best cautious of risk for insurers supporting fast-growing MGA sector

Direct premiums written generated by MGAs in the US P&C industry climbed by 14.9 percent year on year to $81.4bn in 2023, leading AM Best to warn insurers supporting the fast-growing sector of increasing risk if there is lax underwriting or weaker product design.

 

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      MGAs
      Insurance
      AM Best
      Program
      US / Americas