MGA Opinion Report 2025: Sector growth continues
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Report 04 July 2025 04 July 2025
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Middle East, North America, UK & Europe
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Regulatory movement
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Insurance
The MGA Opinion Report 2025, produced in collaboration with the Managing General Agents' Association (MGAA), explores the key factors driving the MGA market’s growth, as well as the risks and opportunities that lie ahead over the next 12–18 months.
This year's report shows that the MGA sector stands at a critical juncture. It faces a complex landscape shaped by economic uncertainty, a looming softening rate environment, regulatory scrutiny – particularly around claims – and technological disruption.
Our research also shows that Artificial Intelligence continues to represent a beacon of hope and transformation. There is growing consensus that AI will play a supportive role in enhancing existing processes, driving more sophisticated decision-making, and creating new opportunities for operational excellence.
MGAs are positioned not just as alternative distribution channels, but as fundamental drivers of innovation, resilience, and strategic thinking. The sector’s ability to transform challenges into opportunities will define its trajectory in the coming years.
MGA Report 2025
Key findings
The findings of this year’s report demonstrate just how far the sector has come in recent years. Once viewed as a niche market, MGAs are now seen as an essential vehicle for growth and innovation across the insurance industry. Looking forward, MGA growth will be driven by specialty lines, particularly in parametric insurance, climate risk, and emerging technologies. European markets represent significant expansion opportunities, while AI and data analytics will be critical in the sector’s continued evolution.
Mike Keating, CEO, Managing General Agents' Association
"The MGA sector is evolving at pace - driven by innovation, entrepreneurial energy, and growing strategic relevance to carriers. Despite market challenges, MGAs continue to adapt, expand internationally, attract capital, and leverage technology to unlock new opportunities. With increasing confidence from investors and carriers alike, MGAs are well-positioned to shape the future of the insurance market. The momentum is undeniable - this is a sector not just weathering change, but leading it. We believe the MGA model will only continue to grow in strength, influence, and global impact in the years ahead.”
Rob Crossingham, Partner, Clyde & Co
Contributors
Rob Crossingham
Partner
Henry Kirkup
Partner
Eva-Maria Barbosa
Partner
Isabel Simpson
Partner
Tom Tippett
Partner
Marcella Hill
Partner
Rosehana Amin
Partner
Special thanks
We extend our sincere gratitude to all contributors who have significantly influenced this report. To the survey respondents, your thoughtful responses have been critical to our findings. To the interviewees, your detailed insights have greatly enriched our analysis. Thank you for your time, effort, and dedication. Your support has been essential in making this report a comprehensive resource.
Neil McCarthy, Managing Director, MPR Underwriting
Joel Markham, Director of Schemes & Delegated Authorities, AXA UK
Chris Taylor, Broking Director, Attis Insurance Brokers
Ian Anson, Global CEO, Rokstone
Paul Jack, Partner & Director, Lockton Companies LLC
Anthony Judge, Chief Executive Officer, Omnyy
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