Revealed – Insurance Business America's 5-Star Wholesale Brokers and MGAs 2022 | Insurance Business America
With a unique position between retail insurance brokers and insurers, wholesale brokers and managing general agents (MGAs) play an essential role in the insurance distribution model and often help deliver niche coverage. Once again, Insurance Business America (IBA) has identified the best wholesale brokers and MGAs in the country, hoping to inspire others in the industry to deliver standout service to their partners and strive for similar levels of achievement.
IBA identified the US’s 5-Star Wholesale Brokers and MGAs this year by asking 1,500 retail producers to rate the performance of their partners on a scale of 1 (poor) to 5 (excellent) in the following areas:
- Overall responsiveness;
- Technical expertise and product knowledge;
- Ability to place niche or emerging risks;
- Range of products;
- Marketing support;
- Compensation (commission, bonuses, profit share, etc.);
- Technology or automation; and
- Geographical reach.
Afterward, IBA awarded a 5-star designation to the wholesale brokers and MGAs that earned an average score of 4 or higher in at least one category to signify their exceptional service.
This year’s IBA 5-Star Wholesale Brokers and MGAs 2022 list is composed of 33 wholesale partners that earned a 5-star rating, with some achieving all-star status for earning 5-star ratings in all 10 categories.
Some of the winners are:
Monarch E&S Insurance Services
Southern Insurance Underwriters
Thank you for participating in this year’s survey, and congratulations to all the winners. Find out the rest of this year’s top 33 wholesale brokers and MGAs in the US by reading the IBA 5-Star Wholesale Brokers and MGAs 2022 report.