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From risk averse to risk immerse: How MGAs are driving innovation and expanding capacity to address increasingly complex and emerging risk  

Powered by rapidly advancing technology and driven by some of the brightest minds in the industry, managing general agents (MGAs) continue to disrupt the entire P&C insurance industry seemingly leaving no stone – or coverage line – unturned. With triple-digit annual growth and premiums eclipsing $100 billion, their momentum is accelerating as new MGAs proliferate and established MGAs expand to deliver innovative solutions backed by new capacity to address an array of increasingly complex and emerging risks.  

A prominent leader at wildly successful MGAs with roots at traditional P&C markets shares the secrets of the MGAs’ success, including insights that will help all players – from newbies to established multi-line carriers – find new ways to build effective partnerships, choose resources, leverage technology, and tap into the broader insurance ecosystem to drive the next generation of solutions needed to address emerging exposures.   

Speakers will share the key elements powering MGA’s phenomenal performance – including creating dynamic ecosystems   that optimize outsourcing, minimize costs, and deliver critical resources, and deploying technology for immediate impact and sustainable gains.  

They’ll teach attendees how to maintain a lean but highly effective structure, achieve unprecedented speed to market, and instill a can-do culture with no fear of failure – all of which are critical to unleashing the creativity needed to address rapidly evolving cyber exposures, expanding catastrophe-related property perils, and other difficult emerging risks. 

The speakers will also reveal how the “flip side” of compressed timelines for developing and delivering breakthrough solutions also means realizing that failure happens faster   – both in terms of rolling out new products, such as parametric arrangements, or making technology investments. Yet, this turns out to be a huge advantage. Indeed, accelerated setbacks often make high-performing MGAs more resilient – able to quickly take away lessons, regroup, mobilize, and reboot or gear up for the next challenge. In effect, the participants will come away with a playbook for moving from risk-averse to risk-immerse to meet the challenges of the evolving risk landscape and achieve sustainable underwriting success.  

In this webinar, we’ll cover: 

1. How the MGA model supports a different route to market for writing emerging risks.  

2. How innovative MGAs are leveraging new algorithms and technology to   make faster and better underwriting decisions, drive innovation, and achieve rapid growth with smaller service teams.  

3. Finding ways to evaluate new technologies (including AI) and potential partners with a risk-reward lens to create the ideal ecosystem.  

4. Insights on how the insurance ecosystem is evolving in ways that make critical resources and essential risk capital more accessible to start-up MGAs. 

Join Pat Safino , COO at Aurenity, and Chris Bennett, Chief Strategy Office from Origami Risk, to learn how the industry’s most agile players are moving from risk-averse to risk-immerse — and shaping the next generation of insurance innovation. 

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