Rankings >> MGAs / MGUs >> Revenues >> Global Top 300
Definition: MGA, MGU and cover-holder revenues are defined as gross fees and commissions earned from underwriting / program administration (and related activities) by entities with the authority to underwrite or bind insurance (or reinsurance) risk in any class and that do this exclusively or substantially on behalf of unaffiliated carrier partners. Such entities that are insurer-owned and that are believed to place risks exclusively with parent or sister underwriters (i.e. affiliated entities) are excluded from the analysis. Revenues from wholesale broking, other broking / agency activity and any other activity that do not meet this definition of MGA, MGU or cover-holder business are also not in scope. This signifies that for groups engaged in multiple activities, only the qualifying proportion of their revenues is counted in the analysis.
Exchange rates: Local currency figures have been converted to USD using the average rate for the most recent year analyzed (2024).
Source: Insuramore research and estimates based on MGA / MGU / cover-holder group disclosures.
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