How we can help you meet your MGA aspirations
Use of Managing General Agents is a tried and trusted approach for risk carriers looking for new routes to market
Issues that must be faced are:
- separating yourselves from the underwriting process
- getting the right level of control
- Understanding the business case
The Pro approach
At Pro we have developed an innovative approach to setting up MGAs that aims to de-risk the whole process for the risk provider. We can help get your MGA up and running and our MGA platform gives you the necessary control and transparency – you’ll know at any time what risks your MGA is writing.
Benefits of our model
•Transparency: immediate, real time access to high quality management information.
•Control: our approach makes sure you stay in full control. We know it’s not just your money that’s at risk
•Comfort: knowing that you’re working with people who you can trust and are real experts in the set-up and operation of MGAs
Attributes of our model
Pro holds the relevant licences to trade for speedy implementation and incorporation. Pro has the end to end processes and systems to support you.
We provide a front-office model for the MGA
•Premises , infrastructure & systems
•Standardised documentation set (e.g. TOBA’s)
•Framework for trading
We also have a back-office proposition for the MGA
•Systems platform (with flexible implementation approach)
•Procedures & practices
•All money handling can be with Pro and not necessarily delegated to the AR
Pro has a Broking service for the arranging and administration of cover