Sikich and KASE Insurex Consulting announced the launch of MGA Compass, a new advisory-plus-insurtech. It is designed to support managing general agents (MGAs) in launching and scaling their insurance businesses.
This offering leverages the technology and consulting potential of Sikich. This is possible with the help of the rich insurance domain expertise of KASE Insurex. This is to provide a locally tailored facilitation framework for MGAs of different stages. Both are young and mature.
Structured Enablement for MGAs
The MGA Compass framework addresses the full life cycle of an MGA, from business planning, carrier readiness, and technology selection to implementation and growth optimization.
Moreover, the offering uses a custom engagement model that adjusts to a client’s market stage. This enables faster launch and smarter scaling without reinventing the wheel. The program’s early adopter, InsureMEP, a tech-enabled MGA focused on commercial real-estate risk mitigation, has already leveraged the framework to move from concept to market.
Why This Matters for the Insurance Ecosystem
The insurance industry’s MGA segment is changing fast to include new distribution models. Also, sophisticated underwriting and tech-led operations. But quite a few MGAs are stuck at the point of regulatory, operational, or technology gaps. By offering a unified path, MGA Compass helps MGAs avoid trial-and-error. Also, reduce overhead and scale with confidence.
As a result, carriers, investors, and agents collaborating with MGAs can experience enhanced stability. Also, experience enhances performance when MGA is more organized and facilitated.
In summary, MGA Compass represents a strategic move by Sikich and KASE Insurex to accelerate MGA success. The program aims to turn vision into scalable operations for MGAs across lines of business. This is possible with a combination of advisory depth and insurtech execution support.
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News Source: Businesswire.com
