Whether you’re looking to enter a new niche, or consolidate your position in an existing market, launching an MGA can maximise revenue streams and reduce risk. But how do you get your great idea off the ground quickly, and with the financial, operational and technical support in place to ensure it really takes flight?
The insurance industry has seen huge growth in MGAs, with both established enterprises and a new generation of entrepreneurial underwriters and brokers looking to capitalise on the agility and flexibility they offer. The challenge is differentiating yourself in an increasingly saturated market, keeping abreast of tightening regulations and having the scalable infrastructure to support growth.
That’s why companies are turning to OneAdvent. Focused on getting insurance businesses to market – and fast – our platform has been providing specialist services for the last seven years. We work alongside our clients to help maximise the potential of each new venture. From operational capacity and financial support, to technical expertise and regulatory compliance, OneAdvent provides a comprehensive MGA solution that leaves you free to focus on what matters – building your business and driving growth.
“We see this very much as a partnership,” explains Tim Quayle, MD. “The underwriters and brokers we work with know their market – and we know how to get them there. There’s growth in the MGA model for a reason, but turning an innovative idea into a genuine opportunity takes significant investment and industry expertise. And that’s where we come in.”
No matter how long you’ve been in business, or which sector you’re operating in, we’ll work hand-in-hand with you to make your MGA a success. From property to technology, there are already 15 insurance businesses thriving on the OneAdvent platform.
One such enterprise is Skyline Partners, which will launch its technology-powered weather insurance in the Indian market later this year. With OneAdvent’s financial and operational support, Skyline will quickly bring an innovative product to the underinsured around the world – while at the same time boosting its business in the emerging markets.
“From operational capacity and financial support, to technical expertise and regulatory compliance, OneAdvent provides a comprehensive MGA solution that leaves you free to focus on what matters – building your business and driving growth.”
So if you’re looking to launch your MGA with the backing of an established partner, look no further than OneAdvent. Explore our website for more information on our services and who we’ve worked with. Or get in touch to discover how we can help turn your ideas into the insurance industry’s next great innovation.
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