Specialist risk, underwriting & market insight
Managing general agents increasingly point to rating matrices and decision rules as the core of their franchise value, yet few can evidence who owns them, which version is live, or how they would survive the departure of the people who wrote them. This article sets out a five-test framework for treating underwriting IP as a standalone intangible exposure in 2026.
UK MGA diligence often concentrates on binder terms and loss ratios, yet a single capacity provider can represent the sharper intangible exposure. This article offers a 2026 framework for evidencing, scoring and pricing capacity concentration, with contract tests, diligence questions and verifiable mitigants.
Consumer Duty evidence is often treated as compliance housekeeping, yet it can be the difference between a transferable MGA arrangement and a stranded one. This article sets out an underwriting framework for testing whether fair value assessments, outcomes monitoring, distribution records and governance minutes are complete, owned and resilient enough to survive a change in capacity, delegated authority or platform.
Renewal rights are often treated as the durable core of an MGA’s value. In practice, a book may renew without being transferable. This article sets out the consent, commission and valuation questions that separate a genuinely transferable book from one that merely renews.
UK MGAs compete on service as much as on price, but service commitments often sit outside the policy wording. Claims turnaround times, platform availability and broker support promises can become contractual or regulatory liabilities when they are missed. This article offers a practical playbook for making those promises visible before they crystallise.
Most UK MGAs now run on a thin spine of technology and service vendors. Diligence usually concentrates on security posture and financial standing, while the intangible exposures sit quietly in the schedules. Here are five red flags to test before signing or renewing.
In physical damage claims, the adjuster's first site visit settles evidence, value and reserve almost simultaneously. Intangible losses break that sequence, and UK MGAs are discovering the cost of the gap. This article sets out the three linked problems and a practical checklist for claims teams handling reputational, contractual, data and key-person notifications.
Loss of a licence, regulatory approval or operating authority is an intangible event that UK MGAs often treat as a compliance matter rather than an insurable trigger. This market insight examines where the exposure bites across transport, healthcare, financial services and waste, and sets out practical questions and trigger language for 2026 appetites.
UK MGAs have learned to map data, intellectual property and contractual exposures, but human capital often remains an HR question. This article sets out a five-point underwriting test for key-person dependency in specialist underwriting and claims teams, with practical evidence requirements for 2026.
AI exposure rarely arrives in a UK specialty wording through a bold grant of cover. It arrives through definitions, service descriptions and sub-limits that were drafted for a different decade. This piece sets out a practical 2026 test for MGA underwriters across five lines — and explains where silent algorithmic exposure is turning into a genuine accumulation concern.
Liquidated damages, performance penalties, service credits and termination payments are contractual numbers, not physical damage — yet they increasingly sit behind claims presented to UK MGAs as if they were tangible losses. This analysis examines why those exposures are missed in construction, engineering and professional lines, and how underwriters can identify and word around them before they reach dispute.
Parametric structures can pay quickly when intangible losses are hard to adjust, but they only work where the trigger is transparent and the data is independent. These five UK niches offer the clearest starting points for MGAs in 2026.
UK MGAs still tend to treat reputational harm as a crisis-management cost rather than an insurable exposure. This analysis sets out the underwriting signals, data sources and product-design checks needed to close the gap in 2026.
UK mid-market value increasingly sits in intellectual property, reputation, data and key people—exposures that conventional property and liability programmes often miss. This practical 2026 framework gives specialist underwriters a repeatable way to score, evidence, price and word intangible risk with greater confidence.
Tighter reinsurance appetite in 2026 is exposing the limits of broad commodity underwriting for UK MGAs. This opinion-led review argues that delegated authority is most defensible in five specialist lines where underwriting insight, evidence and scheme discipline can still create genuine value for brokers and capacity providers.