Key Takeaways from The Insurer European MGA Summit

The first-ever Insurer European MGA Summit in Amsterdam brought together a vibrant cross-section of market leaders, innovators, and entrepreneurs– and the message was clear: Europe’s MGA sector is thriving. But navigating its complexity requires a new level of governance, transparency, and trust.

From the floor of the event, optimism was abundant. Tech-enabled MGAs are growing fast, driving product innovation and improving distribution. In Italy, for example, the MGA market features over 100 participants and generates €2.6 billion in gross written premiums annually, the second largest in continental Europe. This market thrives on specialisation in financial lines, surety and specie, and digital distribution, despite the lack of a specific regulatory framework for MGAs. Boasting over 180 MGAs and an estimated regional premium of around €3.5 billion, Benelux is currently the most well-established MGA markets in Europe. This success is underpinned by robust regulatory frameworks and efficient levels of data transparency, especially in the Netherlands.

Mirroring the upward trends observed in more established MGA markets such as the US and UK, the growth in delegated authority appears to be a continental phenomenon, extending beyond the London market. Currently, approximately 40% of Lloyd’s business is delegated, and this figure is expected to rise.

However, particularly in the Lloyd’s market, there is a noticeable sense of caution. They are keen on ensuring controlled growth. With an emphasis on the necessity for systems, procedures, and processes to be very robustly established before allowing any significant expansion.

That’s where audit and advisory expertise comes in. A key takeaway from my conversations at the Summit was the enabling role that trusted advisors play in helping insurers and capacity providers meet the moment. With deep experience in Europe and an expanding footprint in Italy, our audit & advisory solutions support clients in five key areas:

1. Due Diligence to mitigate counterparty risk.
2. Financial oversight to ensure operational efficiency.
3. Regulatory assurance to meet shifting EU and local requirements.
4. Risk management that identifies weak points in delegated frameworks.
5. Quality control in underwriting and claims handling.
6. Audit and accountability that inspires confidence among regulators and partners.

As the MGA model matures across Europe, the opportunity is huge – but so is the responsibility. It was clear from Amsterdam that success in this next phase will hinge on stronger partnerships, clearer data, and robust oversight.

We’re proud to be supporting our clients in building a more resilient, confident, and future-ready European MGA market. Find out more about our delegated authority audit services in Italy