MGAs prove their resilience despite a softening market

Even as competition intensifies and market conditions cool across UK insurance, MGAs are holding firm. As one managing director notes, underwriters at larger insurers can feel a step removed from individual risks — and that’s proving to be MGAs’ edge.

The numbers back it up. Insurance DataLab’s 1 July 2026 report shows MGA revenues up 8% to £1.2bn over the past year, with productivity steady at 56.1% and revenue per employee up 12.2% to over £203,000.

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