MGAA Welcomes ICSR as Our New Compliance & Regulatory Partner

12th September 2024

We’re thrilled to announce that ICSR has officially joined us as the MGAA’s new Compliance & Regulatory Partner! This exciting partnership brings our members enhanced support and valuable resources, with a wide array of services designed to make navigating compliance and regulatory challenges easier than ever. Here’s what you can look forward to:

  • Monthly compliance newsletters packed with all the key updates relevant to MGAs and market practitioners.
  • Quarterly roundtable events, providing a forum for members to engage in meaningful discussions on regulatory and compliance topics.
  • Monthly ‘drop-in’ clinics, where you can meet with ICSR experts in person to get answers to your specific questions.
  • Support for the MGAA Legal, Compliance, Conduct & Ethics (LCCE) Committee, helping us strengthen our engagement with regulators on your behalf.

ICSR has a well-established relationship with the MGA community and is recognised for delivering pragmatic regulatory guidance, compliance support, and industry expertise. Having earned the title of MGAA Supplier of the Year, ICSR is uniquely positioned to help our members successfully navigate the ever-changing regulatory landscape.

This partnership is just one more way we’re working to enhance the benefits and services available to all MGAA members – particularly MGAs and the market practitioners (insurers) who support them.

Our CEO, Mike Keating, shared his excitement about the partnership:
“After listening to our members, it was clear that elevating our compliance proposition was a top priority. I’m delighted to be working with Kenneth and his expert team at ICSR. Regulation is a critical part of our members’ operations, and I’m confident that this partnership will bring immediate benefits to all our members. We look forward to collaborating with ICSR to make a real impact.”

Kenneth Underhill, Managing Director of ICSR, echoed these sentiments:
“MGAs play an increasingly significant role in the creation and distribution of insurance products, and ICSR has long-admired the work of the MGAA. We are thrilled to support this work as the MGAA’s Compliance & Regulatory Partner and look forward to strengthening existing relationships and forming new ones within the MGAA community.”

About ICSR

ICSR is an advisory and resourcing firm specializing in helping insurance businesses design and implement frameworks, controls, and operating models that align with their business goals. Their multi-disciplinary team offers expert guidance on a wide range of issues, including:

  • Compliance matters:
    • Consumer Duty, Product Governance, and Fair Value
    • Customers in Financial Difficulty
    • General Insurance Pricing Practices
    • Multi-occupancy Buildings Insurance
    • FCA intervention and remediation
  • Operations, technology, and AI
  • Culture, Diversity, Equality & Inclusivity
  • Business strategy, from launching new ventures to alternative capacity options like Syndicates-in-a-Box, captive and fronting arrangements, or full-stack models.

For further information about ICSR and the services they provide, please explore:

If you have any questions about how to access the services provided by ICSR, please contact Tim Richards, MGAA Technical Services Manager.

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We have developed a choice of membership options aimed at creating a collaborative network of MGAs, market practitioners and suppliers.

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  • Author : Jess Norman
  • 12th September 2024