MGAA's conference and capacity exchange highlights MGA evolution
20/04/2017 – The Managing General Agents Association (MGAA) is pleased to announce its third annual conference and capacity exchange, to be held on Tuesday, 4 July 2017 at the Grange Tower Bridge Hotel, London. This year’s conference and capacity exchange theme is MGA: Evolution and Revolution. The event will bring together an estimated 500 managing general agents, capacity providers and suppliers to share ideas on how to grow and develop their businesses at a time of significant challenge and change in the sector.
Delegates will hear from sector and industry experts in two panel debates covering the growth, evolution and sustainability of different MGA models and the opportunities that exist from the insurtech revolution.
The capacity exchange that runs throughout the conference provides MGAs with the opportunity to meet and discuss business opportunities directly with over 60 capacity providers and service suppliers supporting the sector.
The event’s primary sponsor is ERGO, one of Europe’s major insurance groups. Other conference sponsors are BLM, a leading insurance and risk law specialist and Arch Insurance Company Europe, a specialty lines Lloyd’s and London market insurer.
Notes to Editors
09:00 – 09:30 Registration
09:30 – 10:00 Welcome speech Charles Manchester - Chairman, MGAA
10:00 – 13:00 Capacity exchange exhibition
11:00 – 12:30 Evolution of an MGA: survival of the fittest.
From start up to fully fledged virtual insurer, from private ownership to private equity; in recent years we've witnessed a series of evolutions in the MGA space.
This panel debates the lifecycle /stages / evolution of an MGA talking through setting one up, growing organically, by acquisition, investment, looking for succession or exit.
Chair: Jon Hancock, Lloyd’s Panel: Karen Beales, MD UK General Olly Laughton-Scott, Partner IMAS Jason Anthony, founder MGAM Limited
12:30 – 13:30 Networking lunch
13:30 – 15:45 Capacity exchange exhibition
14:30 – 16:00 The InsurTech Revolution: what does it mean for MGAs
At the inaugural InsurTech Connect Conference last year, leading commentators cast doubt on the idea of InsurTechs becoming carriers, suggesting they are better off starting out as MGAs.
Who are the current avante garde disrupters? What does it take to start one and what does it mean for incumbent MGAs?
Chair: Mark Geoghegan, MD Insurance Insider Panel: Paolo Cuomo, Principal The Boston Consulting Group Andrew Rear, CEO, Munich Re Digital Partners Graham Elliott, CEO, Azur Underwriting Alan Thomas, CCO Simply Business
16:00 Closing speech Peter Staddon, MGAA
The Managing General Agents' Association (MGAA) is a UK based not for profit organisation dedicated to representing true MGAs.
Formed in 2011, the MGAA also aims to provide a better understanding of what MGAs are and the contribution they make to the insurance industry.
The MGAA currently has 122 full members representing over £3.6bn of underwriting capacity. They are joined by 37 market practitioner members and 50 supplier members.
The board of elected directors leads the organisation. In addition, five separate committees deliver benefits for members with a clear aim of shaping the future of delegated underwriting.
More information can be found at www.mgaa.co.uk and on Twitter @UKMGAA.