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What is an MGA?

Credit: “The Perfect Storm” by Chris Clor.

Uncharted Waters

For many, “insurance” evokes traditional policies, standard procedures, and dusty, old practices. This general impression isn’t entirely wrong, and yet, at the forefront of the industry stands an innovative group of professionals, the  Managing General Agents/Underwriters (MGA/MGUs) who help consumers navigate the choppy seas of modern life, with all its risks and demands. 

MGA/MGUs are not your typical insurance handlers. We’re the pioneers of this profession, unafraid of the unknown, exploring new frontiers, and finding bold solutions. MGA/MGUs offer bespoke policies that traditional insurers won’t touch, covering anything from cyber insurance to drone insurance to venture capital backed startups.

Mapping Uncharted Waters

While deeply rooted in foundational insurance practices, MGA/MGUs are akin to telescopes, magnifying emerging risks on the horizon. 

That’s part of what we do at Evergreen, but we recognize that that’s not enough. We know that the demand to underwrite novelty, complexity, and volume will only increase as the world flattens and its workforce evolves. As the insurance landscape moves toward digital informatics and machine learning, we help our agents adapt to it. 

We know technology is complicated. We bridge the gap between insurance and technology by

keeping our offices updated with the latest digital technologies, making our agents’ work lives easier and more efficient in the long run. At Evergreen, we strive toward a digitally seamless workday because we understand the future of work and hope you’ll join us as we move toward it.

Source: Amir Kabir – The Evolution of Insurance and Insurtech.

Authored by: David Yang

At Evergreen, success flows both ways.

Drop us a line to join us, or put us to the test.