MGA Oversight

Gramercy specializes in MGA oversight for carriers writing complex lines and classes of casualty business where consistently profitable underwriting results can sometimes be hard to achieve.

Proven Operational Model

With more than 25 years of experience, our executive team fully understands the challenges of aligning the interests of carriers and third-party underwriting partners.

Through a proven set of guidelines, protocols, and procedures, we have consistently facilitated profitable results in challenging classes of business for our carrier clients over several decades.

MGA Oversight | Gramercy Risk Management

MGA Oversight Services

Gramercy assists clients in managing their third-party underwriting operations as though our own capital were at risk to the underwriting results.

  • Develop a consistent, standardized Underwriting Agreement as well as operational Best Practices that our carrier clients require to achieve their underwriting goals.
  • Ensure all third-party underwriters have complete Underwriting Agreements and Best Practices in place prior to the commencement of operations.
  • Identify and assist in remediating any operational weaknesses within an underwriting unit.
  • Implement policies and procedures to ensure all underwriting takes place within agreed-upon parameters.
  • Review all risk management protocols currently in place and make recommendations for upgrades where appropriate.
  • Implement reporting protocols for proper monitoring and oversight of underwriting results to determine overall effectiveness of third-party underwriters.
MGA oversight services

The Gramercy Difference

Specializing in complex classes and lines of business, Gramercy has developed an industry-leading track record in managing books of business through MGA relationships with third-party carriers.

By taking a partnership approach and leveraging in-house expertise in all aspects of carrier operations, we have developed a consistent framework with the necessary protocols and procedures to properly manage and oversee these relationships.

Industry-Leading Track Record