Under the proposed model, channels that require greater involvement in customer onboarding, advice, and ongoing servicing are expected to attract relatively higher payouts.
The deal, subject to regulatory and other customary approvals, is structured to run at for least 10 years and aims to expand cyber risk capabilities and market growth for both the carrier and MGA.
Asia’s soft insurance market continued in the first quarter, offering buyers strong pricing and capacity, but geopolitical and claims risks threaten to tighten conditions.
