MGA Archives

Insurance Carrier and MGA

Author - Webner
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What is an Insurance Carrier?

A company that sells insurance is known as an insurance carrier. The terms carrier, insurance firm, insurance agency, insurance provider, and insurance brokerage are all interchangeable. Insurance companies sell policies directly to consumers, such as home, auto, and life insurance. Insurance carriers include Read more…

What is an MGA?

Author - Webner
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Introduction

A managing general agent (MGA) or a managing general underwriter (MGU) is a specialized type of insurance agent/broker who is granted underwriting authority from an insurer. Specific functions in the insurance sector such as binding coverage, underwriting and pricing, appointing retail agents within a particular area Read more…