How to Choose the Right Carrier Partner


In the ever-evolving insurance landscape, MGAs need a dependable carrier partner to be as successful as possible. Identifying the perfect match for your business can be challenging, but we’re here to help. Let’s explore some essential factors to consider and learn how Accelerant could become your ideal carrier partner.

Financial Stability A carrier’s financial stability is critical for ensuring it can meet its obligations and handle claims payouts. To determine a carrier’s financial strength, refer to ratings from reputable organizations like A.M. Best (our’s was recently affirmed as an A-, “excellent” ), Standard & Poor’s, and Moody’s. We pride ourselves on maintaining a strong financial position, ensuring a reliable partnership for your business.

Evolving with Better Tech and Process Technology and innovation have become indispensable in the insurance industry and will continue to be even more so as we move into the future. A carrier partner that harnesses advanced insurtech solutions will keep you ahead of the curve. We are constantly investing in data analytics, AI, and automation, streamlining processes, enhancing risk assessment, and elevating our Members’ experience because we know how vital it is to stay at the forefront of the industry.

Experience in the Field Underwriting expertise is vital in delivering competitive and bespoke insurance solutions. Review the qualifications and experience of the underwriting team, as well as their approach to risk evaluation. At Accelerant, our underwriting prowess enables us to work with you to create unique and flexible insurance products for your clients; it’s a true partnership.

Authority and Quality Reputation and experience within the industry should also factor into selecting a partner. What is the carrier’s track record, do they provide client testimonials, and can you examine case studies for insights into their performance?. Our strong reputation and extensive industry experience ensure reliable and high-quality services for your business.

Diversity and Adaptability of Products A varied and flexible product portfolio is crucial for addressing your client’s ever-changing needs. Before choosing a carrier, we recommend evaluating their product offerings and ability to tailor solutions. We are committed to working closely with you to develop new products and refine existing ones, giving your business a competitive edge. We love seeing our Members succeed.

Customer Centricity Maintaining positive client relationships hinges on efficient claims handling and exceptional customer support. Assess potential carrier partners’ claims processes, response times, and customer service capabilities through online reviews and testimonials. We pride ourselves on prompt and effective claims handling, ensuring your clients receive the support they deserve.

Selecting the ideal carrier partner is key to your business’s growth and success. At Accelerant, we are dedicated to nurturing strong partnerships, delivering innovative insurtech solutions, and helping our Members thrive. Contact us with any questions; we’d love to partner with you and help you meet your goals.