March 20th, 2023

ParaCode’s session will focus on the challenges that insurers and MGAs are currently facing today to distribute their products to the marketplace in a timely and cost-effective fashion.

We will also be addressing the barriers that brokers face in accessing insurance products in the marketplace.

The key topics discussed will include the technical difficulties of e-trading, the problem of product definition and the organisational challenges that arise when bringing new products to the market. Specifically addressing the barriers start-ups and new entrants to market face.

The session will conclude with a discussion of potential solutions to these challenges and opening Q&A to attendees.

By attending this presentation delegates should be able to:

  • Describe the challenges that MGAs/Insurers face in bringing products to the marketplace, and subsequently the challenges Brokers face in accessing products from the marketplace
  • Explain why the existing marketplace challenges create barriers of entry for new entrants and products
  • Understand & describe potential solutions to the challenges that market participants currently face