AM Best’s Briefing – DUAEs: Europe’s MGAs – Catalysts for Change

About This Briefing

DUAEs* have established themselves as an important and developing underwriting and distribution channel within the insurance ecosystem—a channel that has increased its global market share in recent years. While the spectacular growth of the US managing general agency (MGA) market has drawn most attention, MGAs in Europe have, more quietly, been transforming the delivery of specialty insurance.

AM Best will analyse the rapid evolution of delegated authority business in Europe in this virtual briefing chaired by William Pitt, executive director of FASE (Fédération des Agences de Souscription Européennes). The event will feature AM Best’s Senior Director, Head of Analytics, London, Mahesh Mistry; Enrico Bertagna, Managing Director, Bowood Europe; Tim Lamm, Chief Commercial Officer, WECOYA Underwriting; and Stuart McMurdo, Chief Executive Officer, Accredited Insurance Limited - Europe & UK.

Tune in to learn:

• Which European markets and lines of business have been most impacted by the growth of MGAs
• What MGA business models have garnered the strongest support from investors and capacity providers
• How AI can be expected to accelerate and expand the market impact of MGAs in Europe

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*AM Best defines a DUAE (Delegated Underwriting Authority Enterprise) as a third party appointed by a (re)insurer through contractual agreements, to perform underwriting, claims handling and other administrative functions on behalf of its partners. DUAEs comprise entities such as managing general agents, coverholders, program administrators, program underwriters, underwriting agencies and appointed representatives.