Become a member and see how the MGAA can open up new horizons for your business operations.

From access to new business opportunities to the development of your people through our MGA Assess platform, being a part of our network takes member organisations to new levels.

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Representation
Learning & Development
Promotion

Membership Categories :

The MGAA has three types of membership:
Pricing

Membership

We have developed a choice of membership options to cater for the entire MGA market

MGA

Per annum:

  • Up to £2.5m GWP: £750
  • Up to £20m GWP: £1,325
  • Up to £50m GWP: £1,850
  • Up to £100m GWP: £2,250
  • Up to £200m GWP: £3,500
  • Over £200m GWP: £5,000

Benefits

  • Effective Representation
  • Training & Education
  • Collaboration
  • MGAA Brand Association
  • The Best Suppliers

Effective Representation

Effective representation of members in discussions with government and regulatory bodies, working hard to deliver the best environment for you to operate your business.

Training & Education

Access to industry leading training and education via our MGA assess platform. Drawing from Subject Matter Experts and experienced professionals, you can develop the knowledge and skills of all your employees.

Collaboration

Draw upon expertise from key stakeholders throughout the market, whether that be capacity, technology or legal support from our wider membership.

MGAA Brand Association

Access to the MGAA logo to signify a badge of excellence, where the integrity and value of the profession is promoted and maintained. All members are required to operate to the highest standards to ensure the reputation of the market is held in the highest regard.

The Best Suppliers

Due diligence of suppliers carried out by our experts ensures they are qualified to meet the complex requirements of MGA members. All our Suppliers have a track record within the profession and are well equipped for delivering value for your business.

Marketing & PR

Due diligence of suppliers carried out by our experts ensure they are qualified to meet the complex requirements of MGA members.

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Market Practitioner

£2,575*

*One-off joining fee of £1,000

Benefits

  • Code of Practice
  • Large Potential Client Base
  • Networking
  • MGAA Brand Association
  • Trusted Partner
  • Market Research
  • Training & Education

Code of Practice

Access to a strong, growing network of selected and established MGAs who follow an industry recognised code of practice. All MGA members work through a submission process before joining so you can be confident they are great companies to work with.

Large Potential Client Base

Opportunity to offer new products, preferential rates and bespoke schemes to our members who are eager and motivated to work with the right capacity providers.

Networking

Access to the largest MGA networking platform in the UK; with regular events that bring MGAs, suppliers and insurers together in a highly collaborative environment. Therefore if you are looking to grow your Delegated Authority business, this is a great platform to engage with.

MGAA Brand Association

Access to the MGAA logo to signify a badge of excellence, where the integrity and value of the profession is promoted and maintained. All members are required to operate to the highest standards to ensure the reputation of the market is held in the highest regard.

Trusted Partner

Opportunity to demonstrate your expertise in a chosen area in front of our members. Host an online webinar, face to face market briefing or educational seminar to promote your specialist knowledge and proposition to our membership.

Market Research

Preferential access to market research specific to addressing long term needs of MGAs. Periodical studies of the UK MGA market undertaken by the MGAA offers valuable insights on the Delegated Authority sector as a whole.

Training & Education

Access to industry leading training and education via our MGA assess platform. Drawing from Subject Matter Experts and experienced professionals, you can develop the knowledge and skills of all your employees.

Join

Supplier

£3,600*

*One-off joining fee of £1,500

Benefits

  • Trusted Partner
  • Large Potential Client Base
  • Networking
  • MGAA Brand Association
  • Market Research
  • Events

Trusted Partner

Opportunity to demonstrate your expertise in a chosen area in front of our members. Host an online webinar, face to face market briefing or educational seminar to promote your specialist knowledge and proposition to our membership.

Large Potential Client Base

Opportunity to offer new products, preferential rates and bespoke schemes to our members. Use our platform to demonstrate your value to MGAs and how you can support their business needs.

Networking

Access to the largest MGA networking platform in the UK; with regular events that bring MGAs, suppliers and insurers together in a highly collaborative environment. Therefore if you are looking to grow your Delegated Authority business, this is a great platform to engage with.

MGAA Brand Association

Access to the MGAA logo to signify a badge of excellence, where the integrity and value of the profession is promoted and maintained. All members are required to operate to the highest standards to ensure the reputation of the market is held in the highest regard.

Market Research

Preferential access to market research specific to addressing long term needs of MGAs. Periodical studies of the UK MGA market undertaken by the MGAA offers valuable insights on the Delegated Authority sector as a whole.

Events

Invitation to attend our annual conference, to exhibit and demonstrate your product offering whilst building your network. Sponsorship opportunities are also available to promote your brand to our membership throughout the year.

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Frequently Asked Questions

We have 3 categories of membership. These are;

1) Full MGA Membership – by full MGA member we mean:

  • Your fiduciary duty is to your capacity provider
  • You are regulated by the Financial Conduct Authority (not as an insurer) or an Authorised Representatives (AR) of a regulated company
  • Underwrite insurance risks on behalf of a FCA regulated insurance company(s) or Lloyd’s managing agency under a binding authority agreement(s)
  • Make your own underwriting decision(s) for the majority of your business based on the parameters laid down by the insurance company(s) or Lloyd’s managing agency
  • Are linked directly to the insurance company(s) or Lloyd’s managing agency under a Binding Authority Agreement
  • You are not a wholesaler of insurance products or a broker for the majority of your business

2) Market Practitioner – by market practitioner we mean

  • You provide Capacity wholly or partly to MGAs and are regulated by the PRA & FCA (on our form we don’t mention the PRA who actually regulate Insurers a well as the FCA)
  • You are a Lloyd’s broker able to obtain capacity for MGAs

3)Suppliers – by supplier member we mean:

  • Your business is domiciled in the UK , or if outside the UK, you can demonstrate you are doing business in the UK, Channel Islands and Ireland and you provide services and products to the insurance sector .
  • You have a track record of dealing with delegated authority
  • You are able to offer market leading, bespoke products which further the MGAs business

All three bring valuable benefits to the MGA profession both within the UK and Globally and we are very keen to engage with all members for the benefit of the association.

One of our core objectives is to “Set best practice guidelines to assist members in ensuring the stability, security and reputation of their MGAs”. We feel that an important part of this is being backed by high quality, rated and secure capacity. Therefore we would only consider your application if the majority of your capacity was sourced from rated insurers.

If unrated capacity is being used we will ask you to confirm how such markets are explained to your supporting brokers or to the policyholder should you be dealing direct

Applying to become a member is easy. Just complete the new member submission form found here and a representative from the MGAA will be contact with you.

The more information that you can provide, the easier it will be for the application process.

Identifying the lines of business, in which you excel in, could help us connect you with insurance brokers seeking to place their client’s business.

We aim to respond to all applications within 5 working days, however sometimes we require additional information. In any event, the MGAA executive will be in contact with you within 5 working days.

Yes fees can be paid via BACS or Direct Debit. If you are a Market Practitioner or Supplier member, you do have to pay the joining fee in full, however the annual amount can be paid over instalments.

Yes we do have the capacity to bring you into membership to support you in building your business. Please contact us using this link so we can assist you further.

All our events are free for members to attend. The only cost to you, as an exhibitor, is for a exhibiting materials, travel and accommodation.

We do also have sponsorship opportunities and for further details please contact us.

Ready to join the MGAA?Look no further...

We have developed a choice of membership options aimed at creating a collaborative network of MGAs, market practitioners and suppliers.

Sign up to become a member here.

Join Today