Sikich and KASE Insurex Launch “MGA Compass” to Guide MGA Startups and Scale-Ups
Sikich and KASE Insurex Consulting have jointly unveiled MGA Compass, a dedicated advisory and insurtech framework designed to support managing general agents (MGAs) in launching, operating, and scaling their insurance businesses. The service offers operational, technological, and compliance guidance tailored to both emerging and established MGAs.
Strategic Support Across the MGA Lifecycle
MGA Compass addresses the full spectrum of an MGA’s journey. Its services include business planning, carrier readiness, insurtech evaluation, and system implementation all delivered through a customizable engagement model.This reflects a clear ambition to remove friction and accelerate the speed at which MGAs become carrier-ready.
Expertise Driving the Initiative
- Sikich, a professional services firm with strong technology consulting capabilities, brings in-depth experience in digital transformation and regulated industries.
- KASE Insurex Consulting, led by insurance specialists, contributes deep domain knowledge around MGA strategy, compliance and operations.
Rahul Bhatia, Principal of Insurtech at Sikich, describes the Compass as a “proven framework to accelerate success.” Meanwhile, Kevin Powers, Founder & CEO of KASE, highlights its role in giving MGAs clarity on compliance, technology, and carrier partnerships.
First Client and Validation: InsureMEP
The first MGA to adopt MGA Compass is InsureMEP, a hybrid insurtech and proptech MGA focused on commercial real estate risk. By leveraging Compass, InsureMEP has gained operational structure and technology planning to support its unique underwriting model. Craig Caryl, InsureMEP’s Founder & CEO, confirmed that MGA Compass played a key role in turning their vision into reality.
Education & Knowledge Sharing via Video Series
To demystify MGA creation, Sikich and KASE will launch a video series in partnership with InsureMEP. It will cover practical topics such as business planning, regulatory readiness, technology selection, and working with carriers providing valuable insights for potential and existing MGA leaders.
Why MGA Compass Matters Now
- Growing MGA Market: The MGA model continues to gain traction as carriers look for specialized, agile distribution.
- Complex Launch Challenges: New MGAs often struggle with operations, licensing, technology and compliance areas that Compass explicitly addresses.
- Scalability Needs: For established MGAs, Compass offers a modernization roadmap to optimize operations, implement new technology, and maintain regulatory alignment.
What to Consider Before Engaging
- Tailored Model: Compass is not a “one-size-fits-all” service, its value depends on a customized engagement suited to each MGA’s stage.
- Investment Required: Building an MGA-ready operation with technology, legal, and carrier infrastructure may require capital and careful planning.
- Execution Risk: Even with advisory support, success depends on execution aligning advisory insights with day-to-day operations is critical.
- Long-Term Partnership: While Compass provides guidance, MGAs should plan for ongoing technology and operational evolution beyond the initial engagement.
The Road Ahead for Sikich & KASE
By launching MGA Compass, Sikich and KASE Insurex are positioning themselves as strategic partners for MGAs offering not just advice, but execution support. The program could accelerate innovation in the MGA space by helping more founders bring differentiated products to market faster, while reducing operational risk.
As MGAs continue to proliferate, having a structured, expert-backed playbook may become a competitive necessity and MGA Compass may well be a blueprint for how to get it right.
Stay updated with HR Tech News for the latest innovations in Human Resources technology and expert insights from industry leaders!
Read related news - https://hrtech-news.com/offerday-ai-launches-resume-plus-to-empower-candidate-voice/
