Recently, we asked our CEO, Paul Areida, and our president, John Bennis, to share their views on current trends that will affect the future of the MGA niche of the industry.
Any business that deals with data – and the insurance industry handles a considerable amount – is ripe for attack by cyber criminals.
As Kofi Annan, the former United Nations Secretary General stated, “It has been said that arguing against globalization is like arguing against the laws of gravity.”
One thing successful MGAs and program administrators do to prepare for a surge in growth is evaluate their technology, so that systems and software hum along with the pace of new business.
In the age of heightened cyber security, one thing you can do to protect your organization is to have penetration tests and vulnerability assessments performed on your computer infrastructure, including servers, network and even applications.
RPS (Formerly known as KDC Associates, LLC) is a multi-million dollar office of Risk Placement Services (RPSins.com). They operate like an MGA and have the ability to rate, quote, bind, issue and endorse policies. Focused mainly on general business, inland marine and auto, they now have a growing line of towing business. It currently accounts for about 50% of their business.
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MGA Systems builds insurance software appropriate for each of our clients’ budgets and goals. Our 30+ year insurance industry knowledge is key to our ability to offer the lowest total cost solution for insurance automation.