So it should come as no surprise that managing general agents
are finding they have to work harder to earn their keep.
Wilson, who is also co-chairman of the American Association of Managing General Agents
' automation committee, saw that managing general agents
, particularly in the excess and surplus lines, needed an answer to the question of how to transfer information.
The distribution model, represented by such national general agents
as China P&T Appliances and Telling, will gain a dominant position.
The owner of a managing general agent
wants to start a domestic insurance company and needs a business plan to raise capital, as well as access to sources of capital.
Scottsdale, a member of the Nationwide Group, specializes in excess and surplus coverage distributed through general agents
, who perform much of the rating, quoting and issuing in their own electronic environment, Deibler said.
In 1977, he founded First Financial Group and was appointed General Agent
for Guardian in 1983.
In addition, Praetorian has partnered with leading specialty insurance general agents
throughout the 50 states.
Using iPipeline's content repository, Coventry First now makes it quicker and easier for general agents
to submit policies for a non-binding appraisal of their clients' life insurance policies and to obtain marketing and training materials.
Straddling the disparate worlds of agents and insurers, managing general agents
rely on close relationships with both to establish and cultivate business ties.
They may work directly with a life insurer as a career agent or a personal producing general agent
, but more often, they have a relationship with a wholesaler.
While AIMA will continue to be available as the AIG Companies' managing general agent
until that time, North American marine insurance clients are now free, if the client prefers, to work directly with AIG Global Marine for their underwriting, claims and all other needs.
The companies that continue to use the brokerage general agent
approach--in hopes of tapping the success experienced by their fixed business--are encountering obstacles to accessing registered representatives because of the National Association of Securities Dealers' licensing and supervision issues.
Jefferson and its general agent
partners have a proven record of competitive, innovative products and customer-centric services.
For life insurance and annuities, Poage Center Insurance Services, a general agent
representing more than 30 insurance companies, recently signed an agreement to administer application processing, case management and policy issuance with QuickQuote, a life insurance marketplace.
The Company also has underwriting authority for third-party insurance companies, which it represents through a wholly owned managing general agent
, Assurance Managing General Agents