MGA
Business & Finance abbreviation · Insurance
| Stands for | Managing general agent |
|---|---|
| Categories | Business & Finance |
MGA stands for Managing general agent, an insurance abbreviation.
Specialized insurance intermediary with authority from insurers to underwrite, price and bind policies, and often handle claims, usually for niche or hard-to-place risks.
Example: The MGA writes cyber insurance on behalf of a Lloyd's syndicate.
Usage notes
Insurtech startups often operate as MGAs, designing products while relying on established insurers or reinsurers for capital.
Related abbreviations
More insurance abbreviations
- IUL – Indexed universal life
- LAE – Loss adjustment expense
- LTC – Long-term care insurance
- LTD – Long-term disability insurance
- MEC – Modified endowment contract
- MedPay – Medical payments coverage
- MVR – Motor vehicle record
- MYGA – Multi-year guaranteed annuity
- NAIC – National Association of Insurance Commissioners
- NCD – No-claims discount
- NFIP – National Flood Insurance Program
- OCIP – Owner-controlled insurance program