OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has amended information in its recent report pertaining to premium growth in the U.S. delegated underwriting authority enterprise (DUAE) segment in 2023. This data was cited in a Best’s Market Segment Report, titled, “Rapidly Increasing MGA Premiums Warrant Greater Oversight.”
AM Best is revising its total of U.S. direct premiums written (DPW) generated by MGAs in 2023 to $77.0 billion, representing an 8.6% increase over the previous year. This revision from the originally reported $81.4 billion was due to updates to company statements. The updated Best’s Market Segment Report can be accessed at http://www3.ambest.com/bestweek/purchase.asp?record_code=343051.
A video discussion about the report is available at http://www.ambest.com/v.asp?v=ambduae524.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
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