{"id":751,"date":"2025-06-05T11:00:45","date_gmt":"2025-06-05T11:00:45","guid":{"rendered":"http:\/\/www.xinetica.com\/?p=751"},"modified":"2025-06-05T14:32:26","modified_gmt":"2025-06-05T14:32:26","slug":"mgas-premiums-increased-15-to-89-9bn-in-2024-am-best","status":"publish","type":"post","link":"http:\/\/www.xinetica.com\/index.php\/2025\/06\/05\/mgas-premiums-increased-15-to-89-9bn-in-2024-am-best\/","title":{"rendered":"MGAs\u2019 premiums increased 15% to $89.9bn in 2024: AM Best"},"content":{"rendered":"

Premiums generated through managing general agents (MGAs) and other delegated underwriting authority enterprises (DUAEs) reached $89.9 billion in 2024, a 15% year-over-year increase and the fourth consecutive year of double-digit growth, according to a recent AM Best report.<\/p>\n

\"AMThe report noted that the number of MGAs producing $500 million or more in direct premiums written (DPW) rose to 19 in 2024, up from 12 the year prior. Six of those MGAs exceeded $1 billion in DPW, doubling the number from 2023.<\/p>\n

David Blades, associate director, Industry Research and Analytics, AM Best, said, \u201cThe premium momentum by MGAs writing specialty commercial lines of coverage shows no sign of slowing down despite average account pricing moderating or even declining in certain lines such as workers\u2019 compensation, professional liability \u2014 particularly directors and officers and employment practices liability \u2014 and cyber liability.<\/p>\n

\u201cWith certain market segments experiencing moderated pricing, future growth rates could be impacted.\u201d<\/p>\n

The industry has also shifted toward non-exclusive MGA relationships, which grew to an estimated 57% of U.S. property\/casualty direct premiums written in 2024, up from 33% in 2017. This trend indicates that insurers increasingly value diversified distribution, leveraging broader networks to expand market reach and hedge underwriting risk concentrations.<\/p>\n

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Dawn Walker, associate director, Industry Relation (DUAE), said, \u201cNon-exclusive MGA arrangements give carriers greater flexibility to adjust their portfolios in response to loss trends, pricing cycles, or changes in reinsurance availability, allowing for easier exits by underperforming segments of their portfolio.\u201d<\/p>\n

In response to growth in the DUAE segment, AM Best introduced its Best\u2019s Performance Assessment in 2022\u2014an industry-first tool providing an objective, independent opinion on a DUAE\u2019s ability to perform services on behalf of its insurance partners.<\/p>\n

AM Best maintains a positive outlook on the DUAE market segment<\/a>, driven by sustained growth and niche expertise.<\/p>\n

The post MGAs\u2019 premiums increased 15% to $89.9bn in 2024: AM Best<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Premiums generated through managing general agents (MGAs) and other delegated underwriting authority enterprises (DUAEs) reached $89.9 billion in 2024, a […]<\/p>\n","protected":false},"author":1,"featured_media":516,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/751"}],"collection":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=751"}],"version-history":[{"count":3,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/751\/revisions"}],"predecessor-version":[{"id":754,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/751\/revisions\/754"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/516"}],"wp:attachment":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=751"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}