BIBA 2018: Making a Difference - The Age of the MGA
Written by 27 April 2018
As we approach another BIBA Conference in Manchester, we are looking forward to the opportunity of meeting with brokers to discuss how we can help them to provide the very best support and solutions for their clients.
Over the last year, we have witnessed increased economic and political uncertainty. The risk landscape is changing due to emerging risks and greater regulatory demands. This is coupled with a continuing soft market. Clients are continuing to demand greater insight and more in-depth understanding of their individual needs and industry sectors. Brokers are looking for growth opportunities, often by targeting segments that are experiencing change or are under wider market pressures.
Against this backdrop, the role and contribution of MGAs continues to evolve and gain importance. Our specialist understanding of risk and underwriting expertise is combined with the ability to provide brokers with access to a broad range of markets and capacity. We believe MGAs provide brokers with a compelling alternative to the ‘one size fits all’ approach still taken by many insurers.
In a changing market, one thing that remains constant is our continued support for brokers. At Barbican Protect, we focus on continual improvement. We are constantly looking for ways to enhance our skills and build expertise within our chosen industry sectors. We believe in sharing this knowledge and finding ways to help our brokers win more business.
We have continued to talk to and, more importantly, listen to brokers about the kind of support and relationship they want. Our brokers always have direct access to decision makers. We know that the success of our proposition is reliant on the value that we provide to our brokers.
We really can’t wait for BIBA this year. If you are looking for an underwriting partner with size, scale and a genuine desire to work with you, then come and talk with us on Stand F24. We look forward to discussing why this is ‘The Age of the MGA’ and how we can make a real difference to your business.