Managing general agent Corin Underwriting has said brokers want to MGAs to undergo AM Best performance assessments and that the results of such reviews would influence their decisions on which MGAs to partner.

Andy Hurrell, founder of Corin, said: “Brokers insist on working with rated carriers, so why would they settle for less when choosing an MGA? At Corin, we made the decision to undergo the AM Best performance assessment to demonstrate our alignment with the high standards of insurers. This recognition not only puts us on a level playing field with carriers but also sets us apart in the MGA market.”

Corin’s research found that 81% of brokers agreed that MGAs should go through performance assessment.