Despite a rough market, MGA funding is booming. With a niche focus, digital-first approach, and expansion options, MGAs are a valuable part of the industry.
Embedded insurance and binding through APIs are the key drivers of Branch’s high valuation. It is good market validation of the tech capabilities that the Dais platform can give to any carrier, no-code required.
Auto insurance scores are used by carriers as a factor in personal auto underwriting. If they're taken away, carriers will need to find alternate data sources.
GEICO is no longer selling insurance over the phone in 16 states. They say it's due to increasing repair costs, used car prices, and the frequency of accidents.