Establishing a Managing General Agency (MGA) is one of the most efficient ways to provide innovative new insurance products to businesses and individuals. For the founders and managers it gives them the opportunity to build a new business – and to provide well-designed, effective insurance cover to their clients.
People who are planning to set up, or are already running an MGA, will know all about their business sector, insurance products and distribution strategy. We provide all the other services needed to set up and profitably manage the business and to successfully navigate through the regulatory, technical and operational challenges that you face.
Whether our clients decide to set up their own MGA, or be an appointed representative of one of Charles Taylor’s regulated entities, with our support they can focus on meeting their growth aspirations, secure in the knowledge that the systems and processes are in safe hands.
How it works
Our MGA service consists of six key components that can be combined to provide a complete end-to end management service for the MGA, or accessed on a stand-alone basis. This means the entire management of the MGA can be outsourced to us, or the MGA can select services they will manage themselves and those they want to outsource.
- Appointed Representative (AR) Status: AR status to MGAs to operate under one of our regulated entities’ permissions
Core services (provided by Charles Taylor Insurance Services):
- Claims Management
- Underwriting support
- Financial Management
- Regulatory / Compliance
- Add-on services: As part of the end-to-end offering, we also offer additional add-on services