Implement Smarter Pricing Strategies for Growing MGAs

MGAs are dealing with more competition, changing market conditions, and higher everyday losses. To keep growing, they need more than experience — they need a pricing strategy that is clear and easy to apply. Standing out today means making faster, smarter, data-based decisions.

Typical challenges

Ambiguity

Difficulty evaluating newer or smaller segments due to limited data, leading to uncertainty in underwriting decisions.

Data Velocity

As MGAs grow, data volume and variety grow rapidly, making it hard to maintain stable, accurate pricing models without robust monitoring.

Unpredictability

Lack of clarity on how different rating strategies will impact key financial metrics makes it difficult to make informed pricing decisions.

How Akur8 can help MGAs to stay competitive

Evaluate emerging segments with confidence

Use credibility-based algorithms to evaluate performance in low-data segments. Monitor estimate consistency over time to drive confident, data-backed underwriting decisions.

1

Build high-quality pricing models

Create models with transparent ML founded on credibility to capture the signal in limited or rapidly evolving data, then continuously monitor performance to quickly detect drift, emerging risks, or unhealthy growth patterns before they scale.

2

Simulate pricing scenarios to guide strategy

Compare multiple pricing scenarios side by side to assess their commercial impact on your chosen KPIs. Visualize trade-offs between growth and profitability to confidently select the most effective rating strategy.

3

"Die effiziente, zuverlässige und konsistente Bereitstellung von Pricing schafft eine Win-Win-Situation für den Risikoträger und den Makler. Die Möglichkeit, das Risiko-Pricing zu verbessern, indem wir komplexe Modelle ausführen und diese Modelle jederzeit aktualisieren, wenn neue Daten eintreffen, ist für uns ein entscheidender Faktor und ein Wettbewerbsvorteil. Das ist entscheidend für den sich schnell verändernden E&S-Markt."
Ed Jackson, President von Bass Underwriters
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