Insights
Insurance strategy, MGA operations, carrier technology, cyber, and emerging risk analysis.
Buy and Preserve Is Not a Platform
PE-backed MGA platforms promise founders autonomy. That autonomy also prevents the platform from building the underwriting intelligence that...
Read article →Buy, Build, or Wait
Core system vendors are acquiring the AI capabilities their carrier clients can't build. Two decades of outsourcing left...
Read article →The Two-Track MGA Market
PE-backed platforms and AI-native MGAs share a label but run on two distinct tracks. Different talent, technology, capital,...
Read article →AI Liability: The Insurance Arrived Before the Loss Model
Three different approaches are emerging to price AI liability without historical loss data. Endorsements will scale fastest, but...
Read article →The Cost of Disassembly
The disassembled insurance value chain consumes 35 cents of every premium dollar before a single claim is paid...
Read article →Every Carrier Wants Its Own Cyber MGA
Six deals in thirty months paired global balance sheets with cyber underwriting platforms. The independent MGA model still...
Read article →Everything Scarce in Insurance Is Becoming Abundant. Except Three Things.
How information, technology, and capital stopped being scarce, and who owns the scarcities that remain.
Read article →Insuring AI Liability Without Measuring the Risks
The first cohort of AI liability writers is live. The measurement infrastructure underneath them is not. A map...
Read article →The MGA Assembly Line
12.5% of US P&C premium now flows through MGAs and programs. $125 billion. Carriers are receding, providing just...
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