Winning MGAs know that technology plays a vital role today in gaining competitive advantage, but with so many options out there it’s often hard to know which path to take.
I first learned this at Sequel, now Verisk Specialty Business Solutions, where we developed a portal, and then at Aon, where for three years I developed and launched new products to market. Since joining Novidea, I have gained further valuable insights into how to use innovative and disruptive technology to make this happen.
Continue reading “Technology can accelerate MGAs’ speed to market – but how?”
Depending on which experts and futurists you believe, were either hurtling toward a recession or witnessing a post-pandemic market correction. Some are even saying the recession is already here. The insurance industry is all about mitigating risk, and preparing for an economic downturn is no different. Smart, independent agencies and MGAs should plan their strategies now for navigating the potentially rough waters ahead. Whether the recession is protracted or a short dip, agents and brokers can make many pre-emptive operational changes over the next few months to keep them well-positioned and even strengthen their bottom lines.
Continue reading “Five Ways for Independent Agents and MGAs to Thrive in a Recession”
What can independent insurance agencies, MGAs, and brokers learn from this $500 million M&A deal between two insurtech giants?
Novideas Eric Ayala, SVP Americas breaks it down.
Continue reading “3 Lessons for Independent Agents and MGAs from the Lemonade/Metromile Deal”
Time is running out for many London Market brokers, as the costs of regulatory compliance are set to rise as a result of the FCAs new fair value pricing rules, yet many brokers are not aware of how the regulations will affect them. Here we explore the issues and the answers that Novideas technology can provide.
Continue reading “How technology can mitigate the rising costs for brokers of FCA fair value compliance”
M&A in the broker space continues to thrive. Even though the number of global M&A deals declined to 620 in 2020, following a record high of 671 in 2019, the aggregate deal value in 2020 was actually 39% higher than in 2019 at $21.6 billion, according to Deloitte.
Continue reading “Six ways to ensure successful M&A with the right broking platform”