ReSource Pro’s latest research report, developed in collaboration with InsurTech NY, explores the rapidly evolving world of insurtech MGAs and their role at the forefront of innovation in the P&C insurance landscape. Backed by exclusive survey data and insights from MGA founders and industry experts, the report provides a comprehensive look at how modern MGAs are redefining distribution, product development, and the path to profitability.
Key topics include:
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How digital-native MGAs are using embedded, parametric, and specialty models to expand coverage and reach underserved markets
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Capital strategies and funding patterns shaping startup MGA growth, from seed rounds to $100M+ benchmarks
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The shift toward in-house claims management and direct-to-consumer distribution to streamline service and control the experience
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The competitive edge of custom-built tech stacks, with over half of MGAs designing their own policy admin systems
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Strategic insights into capacity partnerships, growth milestones, and the operational realities of launching a successful MGA
This comprehensive report is essential reading for insurance leaders, startup founders, and innovation teams looking to understand the future of insurance distribution and how MGAs are reshaping the ecosystem.
The findings highlight an undeniable trend: MGAs that were once valued primarily for speed to market and niche specialization are now evolving into technology-powered, data-enabled organizations. These MGAs are not only meeting market expectations—they are setting new ones.
How Technology Is Transforming MGA Operations
Custom Policy Administration and Modular Tech Stacks
One of the most significant insights from the ReSource Pro × InsurTech NY report is the industry’s accelerating shift toward proprietary or highly customized technology infrastructure. Many surveyed MGAs are building their own policy administration platforms or assembling modular technology stacks with flexible APIs. This enables deeper data integration, streamlined workflows, and more efficient risk evaluation—capabilities that traditional platforms often cannot deliver.
The report shows a clear correlation between customized technology and operational scalability. MGAs with modernized systems can respond faster to market opportunities, expand product lines efficiently, and maintain accuracy across underwriting and servicing workflows.
Accelerating Product Launches and Distribution Integration
Technology investments also strengthen distribution agility. According to the research, MGAs using configurable systems and integrated data pipelines can bring products to market more quickly and collaborate more effectively with brokers, carriers, and digital distribution partners. This ability to shorten development cycles is a defining characteristic of high-growth insurtech MGAs.
Innovation in Product Development
Parametric, Embedded, and Usage-Based Insurance Models
The report highlights the expanding role of innovative insurance structures in the MGA landscape. Parametric solutions, embedded partnerships, and usage-based products—once considered emerging concepts—are now core capabilities for many MGAs surveyed. These models reduce friction, improve claims responsiveness, and align with evolving customer expectations for transparency and simplicity.
Expanding Access to Underserved and Niche Markets
Research findings also show that insurtech MGAs play an essential role in reaching markets underserved by traditional carriers. Through flexible product design and data-driven risk assessment, MGAs are addressing exposures that were previously challenging or unprofitable, strengthening their position as catalysts for product innovation.
Modern Distribution Approaches
Multi-Channel Engagement and Digital Ecosystems
The report reveals a significant trend toward diversified distribution strategies. While brokers remain essential partners, insurtech MGAs increasingly rely on digital ecosystems, embedded placement opportunities, and direct-to-consumer channels. This multi-channel approach enhances market reach and supports scalable growth.
Internal Claims Handling for Stronger Customer Experiences
Another key insight: more MGAs are moving claims operations in-house. The study shows that claims control is becoming a strategic differentiator, enabling MGAs to deliver faster resolutions and more consistent service experiences while reinforcing their brand equity.
Capital, Capacity, and Strategic Partnerships
Research findings confirm that sustainable MGA growth depends on access to capital and strong carrier or reinsurer partnerships. The report outlines a clear relationship between capital investment and gross written premium growth, underscoring the importance of funding for scaling technology, talent, and product development. Capacity partnerships remain central, but MGAs with integrated data and reporting capabilities offer carriers newfound transparency and portfolio insight.
What Insurtech MGAs Mean for Carriers and Brokers
For carriers and brokers, the research underscores the need to understand and adapt to the expanding influence of insurtech MGAs. These organizations demonstrate what is possible when underwriting expertise aligns with digital infrastructure and modern operating practices. The report encourages industry leaders to consider partnership opportunities, modernization initiatives, and workflow enhancements that enable greater agility.
How Resource Pro Supports MGA and Carrier Innovation
Informed by the findings of this report and decades of insurance operations expertise, ReSource Pro helps MGAs, carriers, and brokers build scalable, efficient, and high-performing operating models. From underwriting support and policy servicing to claims coordination and technology-enabled process optimization, we empower organizations to translate market insights into operational excellence.
The Future Outlook for Insurtech MGAs
The ReSource Pro × InsurTech NY report makes one conclusion clear: insurtech MGAs will remain pivotal innovators in the years ahead. Their ability to combine technology, data, and underwriting discipline sets a new industry benchmark—and offers a roadmap for organizations pursuing modernization and growth.
