Who’s Next? The Value of MGAs vs. Carriers

October 10, 2018 by Susanne Sclafane

With Next Insurance making a decision convert from a digital managing general agency for small and medium-sized businesses to a licensed insurance carrier in May, there isn’t much to report from the carrier’s statutory financial statements as of yet.

Matteo Carbone, founder of the IoT Observatory, and Adrian Jones, Deputy CEO of SCOR P&C Partners, are the guest editors of a section of the Nov/Dec edition of Carrier Management magazine on innovation. The two have been authoring articles about quarterly financial results of InsurTech carriers, including a second-quarter analysis published on Carrier Management in early September. The magazine will be delivered to members in late October“Next’s filing was all zeros except the surplus in the company, which is over $10 million,” Matteo Carbone and Adrian Jones wrote in their second-quarter article tracking the financial progress of three other venture-backed InsurTech carriers—Metromile, Lemonade and Root.