Broadstone-owned actuarial and compliance consultancy OAC has joined the Managing General Agents’ Association (MGAA).
Launched in 2011, members of the MGAA members collectively control more than £7.3bn of gross written premium. Alongside its over 200 MGA members, the association also counts 56 market practitioners and 122 suppliers as members.
OAC offers a range of services to MGAs ranging from actuarial services such as pricing, portfolio analysis, modelling and optimisation to compliance services. It also provides data analytics, data quality and calculation and modelling services with actuarial assurance as an added benefit.
OAC is part of the Broadstone Group following its acquisition in April 2023.
Graeme Charters, head of non-life consulting at OAC, (pictured) said: “Becoming a member will allow us to connect with MGAs and support them with their actuarial needs through our high-quality offering. We look forward to our collaboration with the MGAA and the opportunities it will bring.”
Michael Keating, CEO at the MGAA, added: “Adding top-quality service providers to our membership continues our mission driving innovation and high standards within the sector by creating a body that enhances the sustainability, effectivity and authority of our MGA members.”
