Best’s News & Research Service - June 23, 2022 08:01 AM (EDT)
AM Best to Highlight Value of New Performance Assessments for DUAEs at MGAA’s Annual Conference
- June 23, 2022 08:01 AM (EDT)
London //BestWire// - AM Best will exhibit at the Managing General Agents’ Association (MGAA) annual conference, which will take place 29 June 2022 at etc.Venues Houndsditch in London.
During the full-day event, AM Best representatives will be available at booth No. 4 to discuss its new Performance Assessments for Delegated Underwriting Authority Enterprises (DUAE). AM Best launched its new methodology for DUAEs in March 2022. This industry-first tool provides a framework for differentiating among DUAEs, which is a blanket term to capture managing general agents (MGA), managing general underwriters, coverholders, program administrators, program underwriters, underwriting agencies, direct authorizations and appointed representatives. A Performance Assessment helps insurers make more-informed decisions when choosing underwriting partners.
The MGAA is a trade organisation that represents the interests of its U.K.-based managing general agent members. For more information about the MGAA’s 2022 conference, which is themed as “Seize the Opportunity,” please go to https://www.mgaa.co.uk/.
For additional information on Best’s Performance Assessments for DUAEs, please click here.
A video briefing about the new methodology is also available at http://www.ambest.com/v.asp?v=duaefaq222 .
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.