Description

Get Your Insurance Fix on "The Insurance Couch" Podcast!

Join Oliver Lang, former CEO of InsurTech Unicorn Wefox/One Insurance, Supervisory board member and Advisor and Nikolaus Sühr, Co-Founder and CEO of InsurTech Enabler KASKO as they bring you unique insights from their experiences in the insurance world. 

This episode is all about MGAs and their practices 🎙️

These are some key points about what to expect to learn from the conversation in this podcast session:

• MGAs are just like an insurance company without taking risk, buying reinsurance and investing assets

• The difference between agents and MGAs is the delegated authority (products, underwriting, pricing, claims)
• MGAs outsource the regulatory burden and solvency capital requirements to insurers
• Only start an MGA when you have at least one of these superior capabilities 

1) distribution

2) product, underwriting, pricing

3) claims

• As an insurer, you must find a way to identify and manage good MGAs – or you will incur losses
• Three growth areas for MGAs. Embedded insurance (both brands/platforms and insurers)commercial underwriting and innovation 2.0 (for insurers) 

Listen in to "The Insurance Couch" to stay tuned for the newest chatter about the industry! 

#insurance #insuranceindustry #versicherungsbranche #versicherung #versicherer #MGA #Assekuranz