Managing general agents, or MGAs, are changing the insurance world fast. Brian Cohen, the president of TMPAA, joined a recent IB Talk podcast to share his thoughts on where the program market is today and what lies ahead for brokers. He pointed out that growth in MGAs is driven by speed, focus, and smart use of technology.
According to Cohen, the way MGAs operate is different. Instead of just getting bigger, the key to success is being flexible and ready to adapt. This means the future leaders in the industry won’t necessarily be the biggest companies, but those that can quickly respond to changes and new opportunities.
The conversation also highlighted several chances for brokers to benefit from this evolving space. With MGAs specializing in particular areas and offering tailored solutions, brokers can connect their clients to more precise and innovative insurance products. Technology plays a big role, helping speed up processes and deliver better service.
This shift in the insurance market is a sign that brokers need to keep an eye on how MGAs grow and evolve over time. Adapting to these changes will be key for anyone looking to stay ahead. The full discussion and more insights are available on the IB Talk podcast for those interested in learning more about the program market’s future.