The Managing General Agents’ Association (MGAA) has reported a year of growth across the UK, Ireland, and internationally.
Covering the period from August 2024 to July 2025, its annual report points to the MGA sector’s increasing role in property and casualty insurance.
Membership expanded across all tiers during the year. MGA members rose from 233 to 249, market practitioners increased from 64 to 68, and supplier members grew from 142 to 152. The Association said this reflects the sector’s ability to attract capacity providers, intermediaries, and service partners at a time when distribution models are evolving.
The association has also broadened its education and insights offering. Market Briefings saw a 51% rise in average registrations, while more than 21,800 learning activities were completed through the MGA Assess platform. The MGAA Conversations podcast surpassed 2,200 downloads, and the 2025 Annual Conference drew 1,200 delegates.
The Association also said that it had strengthened its advocacy role, engaging in consultations with the Financial Conduct Authority (FCA), Pool Re and other stakeholders to ensure delegated underwriting remained represented in regulatory and market debates.
Michael Keating (pictured above), chief executive of the MGAA, said the figures demonstrated how the sector is developing.
“This year’s Annual Report showcases not only the impressive growth of our membership across MGA, market practitioner and supplier categories, but also how these groups work together in symbiosis to drive innovation and resilience across the delegated authority sector,” he said.
MGAs now play a vital role in enabling insurers to access niche areas and specialist expertise, while brokers and policyholders benefit from products tailored to specific risks.
Growth has also increased regulatory focus, with the FCA pressing for greater oversight of governance and conduct in MGAs. Capacity providers remain selective, emphasising the need for underwriting discipline, data-driven processes, and transparency. The MGAA said it is working to strengthen professional standards and improve collaboration between MGAs, insurers, and regulators.
The Association’s expanding international engagement suggests the UK’s approach to delegated authority could shape best practice in Europe and beyond, reinforcing the MGA model’s growing importance to the wider insurance sector.
