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Category: Rating Systems for MGAs

The Case for Automated Rating for MGAs

The Case for Automated Rating for MGAs

Managing general agents perform important and specialized work for the insurance industry. If you’re a managing general agent yourself, you know how crucial your work is for your insurer. You perform many tasks for them such as appointing retail agents and binding coverage. You also play a big role in underwriting. You concern yourself with many types of coverage including professional liability and personal lines of business. A good rating system is crucial to being a successful managing general agent….

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Why are MGA’s Turning to Insurance Rating Systems?

Why are MGA’s Turning to Insurance Rating Systems?

For MGA’s, insurance and brokerage duties vary greatly from one agency to the next. With a wide range of clients, and specialized claims, MGA’s face unique challenges within the insurance industry. With the help of rating systems for MGAs, many specialized agents, brokers, and underwriters have found that they can improve their performance in the following areas of their job.   Improved Data Entry Time   MGA’s dealing with unique insurance clients often feel that time is one of their…

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