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Why you should partner with us
Our vision is to be the partner of choice for best-in-class Managing General Agents (MGAs) by being the market leader in profitability, innovation, and nimbleness (PIN).
- Underwriting profit focus to build sustainable programs and allow the program administrator to share in the profits
- Available nationwide, admitted and non-admitted
- Thorough understanding and experience across various insurance programs, including all lines of property and casualty business.
- Existing programs and selective new programs
- Niche industries
- Unique value proposition
Bespoke model
- Reinsurance options
- Risk sharing options
- Infrastructure
- Actuarial
- Financial
- Systems
- Loss control
- Operational
- Legal
- Marketing
- Profit sharing
- Business development assistance
- Marketing support
- Loss control
- Best practices consultation
- Underwriting differentiation
- Data analytics
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Frequently asked questions
Ideally, what is your target line of coverage?
Markel Programs offers admitted and non-admitted nationwide capabilities for all lines of business. Our goal is to build sustainable programs focusing on underwriting profit with an emphasis in niche business. Our target lines of coverage include package, professional liability, casualty, accident & health, warranty, and property and inland marine.
What capabilities do you require of your program administrators?
Markel Programs seeks to partner with best-in-class MGAs demonstrating underwriting and product expertise in niche segments and preferably have the system in place to handle rate, quote and issue.
What are your basic program requirements?
Markel Programs targets rollover programs, generating $10-15 million in annual premium. We will also consider start-up programs managed by experienced team with the potential to scale within 24-36 months.
What is the best way to get started?
Please contact Markel Programs for any new program or partnership inquiries. A good starting point to send us a brief executive summary for the program opportunity. If viable, we will schedule an intro call to discuss the program in more detail. Then we will sign NDA and proceed to formal due diligence process.
Any particular industry you are interested in?
Markel Programs capabilities allow for flexibility across a wide range of segments. We seek to partner with PAs and MGAs targeting niche profitable industries.
What about quota share and captives?
Markel Programs has the ability to entertain programs with different deal structures including but not limiting captives, quota share reinsurance and fronting.
We may entertain a captive program, subject to the following conditions:
- Insured captives only
- Must include real risk and genuine transfer
- Existing programs only with minimum premium of $10M
- Minimum of 7-years of documented experience
- Well capitalized, managed, and prepared to collateralize their risk
How committed is Markel to PAs and Program Business?
As one of the largest program carriers in non-affiliated business, Markel is committed to growing our Program business profitably with best-in-class MGA and Program Administrators who are interested in establishing a longstanding relationship.
Insurance programs contact
MARKEL INSURTECH UNDERWRITERS
The Markel Insurtech Underwriters (MIU) team focuses on providing risk capacity and underwriting knowledge to start-ups and digital distribution partners who passionately build innovative insurance solutions.
DISCLAIMER: Coverage is provided by one or more of the insurance companies within Markel and policyholder services are provided by the underwriting manager, Markel Service, Incorporated, national producer license # 27585, in California d/b/a Markel Insurance Services, license # 0645481. Certain products and services are provided through various non-admitted insurance company subsidiaries of Markel and are offered through licensed surplus lines brokers or through Markel West Insurance Services, California license # 2E11302. Insurance carrier, coverage, dividends, and services availability may vary by state. Terms and conditions for rates and coverages varies. Nothing herein shall be construed as an offer to sell or a solicitation or offer to purchase any products or services. Any materials accessible through this Web Site describing insurance terms and conditions are intended for use solely by properly licensed producers.