OneAdvent

Our friends at InsTech have put together a survey to understand how MGAs are using actuaries. If you want to see how your MGA compares and receive the benchmark report then make sure you participate! Take the survey here: https://lnkd.in/eEuUD26K It's just 5 questions, will only take nano-second (ok, 2-3 minutes) and you'll be contributing to some great research for our insurance community. #MGAs #actuaries #insurance #research

👨🎨The team got their creative juices flowing last night! 👩🎨 As you can see from our fabulous Christmas Tree decorations some of us have slightly more artistic talent than others…

This time last week, our CEO Tim Quayle joined an Managing General Agents’ Association (MGAA) panel with Michael Keating to discuss why data and AI matter more than ever in a softening market. The panel shared how AI can give firms a meaningful strategic advantage. It can review areas of profitablity and drive business choice, take on more of the repetitive and mundane tasks and interrogate the nuances of individual risks to understand future trends. Yet data quality remains a major challenge. As Tim stressed those firms that capture every single data point in a structured way will be in the best position for the future. For a full summary of the panel - go here: https://lnkd.in/eCpQWdWd Thanks to fellow panellists Nasri EL-Sayegh, Matt Chaplin, and Gavin Lillywhite for a truly insightful discussion! #AI #MGAs #insurance #data

Big MGAs mean big complexity. Can technology turn that challenge into opportunity? Our CEO Tim Quayle and Diesta's CRO Piers Williams discuss the future operating model for MGAs and why they must ditch legacy platforms for flexible, modular tech stacks. Watch the full discussion below ⬇️ #MGAs #technology #AI #legacy #payments

We’re thrilled to see one of our brilliant MGAs, Cowbell, has been shortlisted for 'Cyber Product of the Year' at the National Insurance Awards! They really are innovators in the cyber space, and we can’t wait to see what they achieve next. Congratulations team and best of luck for the awards ceremony in 2026! #MGAs #cyber #innovation #insurance

AM Best has just revised its outlook from 'Positive' to 'Stable' for the global delegated underwriting authority enterprises (DUAE) segment. According to their latest market segment report, after a period of rapid growth in DUAE, the acceleration is now slowing, creating a more competitive market for MGAs seeking capacity agreements. Interestingly, this is not what we are seeing on the ground at OneAdvent. We are experiencing more capacity support than we have ever seen for MGAs. However, we appreciate that AM Best are commenting on the market as a whole and agree that some less sophisticated MGAs that launched at the height of the hard market may struggle to differentiate themselves in a soft market. As the ratings agency warned, MGAs will need to demonstrate their underwriting discipline to maintain strong agreements with their providers. For the full report, take a look here: https://lnkd.in/e2RYdnWW #insurance #MGAs #capacity #DUAE

“Innovations offer new opportunities, [but] they also require insurers to adapt to risks faster than conventional models can predict.” A recent Insurance Business UK article reported that 2026 poses an evolving risk landscape and regulatory scrutiny, across the London Market. According to the International Underwriting Association (IUA), there are three main challenges shaping the London Market: softening conditions, which continue to pressure growth and profitability, technological advancement, and regulatory changes. The article states: “Disciplined, innovative insurers that embrace cross-class solutions, emerging risk monitoring, and technology-driven underwriting are well-positioned to lead the market in 2026.” For the full article, click here: https://lnkd.in/eAQYYEv4 #insurance #MGAs #2026 #LondonMarket

The recent launch of FASE (Fédération des Agences de Souscription Européennes) The Pan-European MGA Federation signals a new chapter for Europe’s managing general agent (MGA) sector. In this article OneAdvent's CEO, Tim Quayle, (a FASE advisory board member) and Cian O'Toole (FIA CIP APA), Managing Director - Europe discuss why this initiative marks a significant step towards closer collaboration across Europe. Read it here: https://lnkd.in/gjbibkug #MGAs #Europe #insurance #collaboration

‘With ransomware incidents increasing, competition between MGAs and traditional carriers is intensifying.’ says Daniel Kasper at Qualrisk Cyber Insurance Center (QCC GmbH). A recent article from Insurance Business UK reminds insurers that falling premiums in the cyber MGA space are not reflective of the rate of risk. Instead, while the market softens, cyber risk only grows. "The sector is facing a paradox: while premiums are dropping, AI-driven threats are evolving rapidly". You can read the full article here: https://lnkd.in/edFkEES4 #cyber #MGAs #AI #risk #insurance

Our head of compliance and risk, Richard Palmer, attended the Managing General Agents’ Association (MGAA) I Love Claims conference last week to catch up with the latest developments in claims, an area of the business in which he spent many happy years prior to becoming a compliance officer! He heard; 🔸 How firms are attracting new talent into the insurance business, (apparently by avoiding using words like 'insurance'!). 🔸 How High street brands who are providing insurance products design a exceptional claims process by starting from the perspective of the customer and the claim, and then working backwards from there to design an efficient process which delivers what they and their customers need. 🔸 How AI is being harnessed to analyse claims data and to identify, monitor and ensure good outcomes for customers; it was suggested that aggregators' websites will be much more focussed on claims and service as differentiators between product providers, rather than simply the cost of the premiums. 🔸 That " whilst AI is never going to be as good as your best people, it is likely to be better than your worst 20%." 🔸 From the FCA's Insurance Head of Department, Lisa Sturley, who emphasised the importance of customer trust and that it comes primarily from the delivery of the claim - the product performing as it should - and that there is a direct correlation between trust and economic growth. #claims #AI #TPAs #MGAs #insurance