Macaii S1 E011: Global Perspectives and Innovations in the MGA Market with Mike Keating

People in Insurance: Changing the Conversation

In this episode of Changing the Conversation, we sit down with Mike Keating, CEO of the Managing General Agents’ Association (MGAA), to explore the dynamic world of MGAs and their evolving role in the global insurance landscape. Mike shares insights into the growth and challenges within the MGA sector, the importance of strategic partnerships, and the exciting innovations driving the market forward. We also delve into the MGAA's rebranding efforts and their annual conference, which highlights the theme "The Power of Partnerships." Additionally, Mike discusses the critical role of the next generation in the industry and the importance of attracting young talent to the world of insurance.

Quotes:

"The MGA community is truly global and continues to grow at a very fast pace, with significant developments in the US, Canada, UK, and Australia." Mike Keating

"We've seen excellent insure tech MGAs launching worldwide. However, the challenge often lies in balancing investment in technology with effective product distribution strategies." Mike Keating

"Never take partnerships for granted. Understanding and aligning the objectives of all stakeholders is critical for success in the MGA ecosystem." Mike Keating

"We have a moral obligation to showcase how exciting and dynamic the insurance industry is. From insuring sports stadiums to Formula One, there are endless opportunities for young professionals." Mike Keating

Resources:

Managing General Agents’ Association (MGAA): www.mgaa.co.uk

MGAA Annual Conference: www.mgaa.co.uk/mgaa-conference-2024/

MGAA Podcast - MGA Conversations: https://mgaaconversations.podbean.com/

About the Guest:

Mike Keating is the CEO of the Managing General Agents’ Association (MGAA), where he leads efforts to support and promote the MGA sector within the insurance industry. With a career spanning over three decades, Mike has a wealth of experience in insurance, having held senior roles at various prominent organizations. Under his leadership, the MGAA has grown to represent over 230 members, placing billions of pounds into the UK and Irish markets. Mike is passionate about fostering innovation, building strategic partnerships, and advocating for the next generation of insurance professionals.

About the Host

Sarah Myerscough is the Chief Ideas Officer at Macaii, formerly Boston Tullis. She hosts/co-hosts several podcasts and is known for her knack in connecting with people. Sarah excels in bringing out the best for video, podcast, and live events, helping clients showcase the human side of their business.

Sarah is passionate about the evolving dynamics of the insurance industry and enjoys conversing with innovators, trailblazers, and long-term advocates of change.

Website: www.macaii.co.uk