MGA (Managing General Agent)
An entity that underwrites and administers insurance on behalf of insurers, with delegated authority to price and bind coverage.
A Managing General Agent (MGA) is an insurance intermediary with delegated authority from insurers to underwrite, price, and administer coverage — effectively operating as the specialized front end for a line of business.
Why the model fits fraud
Fraud-loss underwriting requires real-time, data-driven pricing that a technology-native MGA can provide, while rated insurers supply the balance-sheet capacity. This pairing is what makes reinsurance-backed protection work.
In practice
Instnt Insurance Agency arranges coverage backed by Munich Re and Swiss Re, each rated A+ (Superior) by AM Best, combining model-driven underwriting with rated capacity. See the Solution page.
Evidence-Backed Claims
A claims process in which the evidence needed to adjudicate a covered loss is captured at onboarding, so claims are assessed against a record that already exists.
Identity Fraud Loss Insurance
A financial-services product that indemnifies a business against monetary losses from identity fraud, transferring that liability to an insurer for a fixed premium.
Reinsurance-Backed Protection
Coverage whose claims-paying capacity is backed by rated reinsurers, giving it insurance-grade financial strength.
Risk Transfer
Shifting the financial consequences of a risk from your balance sheet to an insurer for a fixed premium.