MGAs

MGA Guide: Preparing a Capacity Request

MGAs should present a market-ready profile that explains underwriting controls, delegated authority requirements, distribution, claims performance, bordereaux quality and operational maturity.

Recommended action

Submit MGA profile

What To Do First

  1. 1. Complete company profile and operational maturity sections.
  2. 2. Submit capacity requirement and delegated authority appetite.
  3. 3. Detail distribution outlets and target customer segment.
  4. 4. Prepare claims, bordereaux, binder and compliance documents.
  5. 5. Progress matches through review, disclosure approval and introduction outcome tracking.

What To Prepare

  • Delegated authority requirement
  • Binder wording or required authority outline
  • Claims handling process
  • Bordereaux and reporting capability
  • Underwriting controls and governance
  • Historic loss ratio and target GWP

Confidentiality Guidance

  • Use controlled visibility where capacity discussions are sensitive.
  • Exclude existing providers or markets already approached.
  • Approve named disclosure only when both sides confirm interest.

Typical Documents

  • Binder wording
  • Claims pack
  • Bordereaux
  • Loss ratios
  • Financials
  • Compliance documents

FAQs

What do providers expect from an MGA?

Providers usually expect evidence of appetite fit, underwriting controls, claims process, bordereaux quality, governance and realistic growth plans.

Can an MGA submit a new product or territory?

Yes. The profile should explain the class, territory, distribution, controls, expected GWP and evidence available for review.