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September 2019

Digital MGA

A significant trend is emerging and quickly as Digital MGA/MGU Insuretechs focus their activities in developing unique and competitive advantages and bringing to traditional insurance markets cheaper, faster customer engagement, more advanced technology, and improving the customer experience. MGA/MGU Insuretechs through innovation are bringing new product offerings. Particularly in commercial insurance markets we see significant movement in the offerings of episodic insurance, pay-as you go Insurance and peer to peer insurance. Similarly in the the life insurance sector the Digital MGA Insuretechs through innovative marketing and customer engagement and experience improvements are opening new markets traditional insurers have had difficulty reaching thereby opening new markets for growth.