Tag: Insurance industry

Business valuation

Key Factors to Consider When Determining Insurance Business Valuation

June 18, 2020

Posted by: Aaron DiCaprio

Are you considering purchasing an insurance company? If you are, you may want to reach out to an insurance consulting company with a background in insurance business valuation. Important Valuation Factors for Insurance Businesses Before you purchase a company, you must know if it is profitable, and there are several ways to find out. Some methods are more complicated than others, but with the help of a professional, you can find out the...

Business valuation

Starting an MGA (Managing General Agency): 3 Important Considerations

June 8, 2020

Posted by: Aaron DiCaprio

Starting an MGA can seem daunting, but it doesn’t have to be. The more you know about how to start an MGA, the higher your chance of success will be. MGAs, or managing general agents, refer to a general underwriter who is authorized to administer and negotiate insurance contracts for insurers. Think of MGAs as specialized insurance brokers. MGAs are often involved with offering unusual insurance lines of coverage, such as surplus lines...

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