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The MGAA’s Mike Keating on MGAs Showing Resilience in the Face of Challenges

The MGA market is expanding across Europe and the UK at a pace. Strong partnerships, a commitment to modernisation and record productivity are drivers for success, even as testing conditions continue to emerge.

Mike Kaating’s guest column in the Insurance DataLab MGA Performance Report 2025

The MGA sector continues to be the fastest-growing P&C segment both internationally, in Europe and the UK.

The recent successful inaugural European MGA Summit held in Amsterdam was further evidence of how capital providers and MGAs are keen to work together and deliver tailored solutions to customers.

The MGAA’s own members now underwrite in excess of £15bn of GWP across more than 300 product lines, supported by 70 insurer members and more than 130 suppliers providing valued products and services.

I’m delighted to partner with Insurance DataLab on the production of their MGA Performance Report 2025, providing real insight into MGA performance.

While I’ll leave you to absorb the findings, I wanted to highlight a few key areas:

  • The overall MGA rating is 53.4%, which is the highest score for this particular cohort of MGAs since Insurance DataLab launched their ratings.
  • Productivity has continued its improvement over the last three years and is now at record levels.
  • Medium-sized MGAs – those with revenues of between £5m and £15m – now have the highest average rating fter a further year-on-year increase.

Navigating Through Headwinds

MGAs now form part of all brokers’ placement strategy and with their continued agility, forensic understanding of their distributor needs, product innovation and unrivalled service, they are well-placed to continue to deliver for their capital and end customers.

Embracing new technology is also an area MGAs continue to lead on, utilising data enrichment tools to inform risk appetite and pricing, plus the gradual integration of complementary AI to further improve operational efficiency and service.

The future is not without some headwinds, rating adequacy is beginning to fall across most business lines, and we have yet to fully realise a more proportionate approach to regulation and reduction in duplicate data requests.

Despite this, the MGA sector will no doubt successfully navigate these challenges and continue to grow profitably for the benefit of all stakeholders.