MGA Model Evolution in Asia
Roland
Berger
It entered the market by providing tech solution to brokers, and
expand business by acquisition after getting more and more funding
Case study on Nanyan
Established
Nangan
2016
2017
2018
2019
2020
Broker + Tech Solution
Broker + SaaS + TPA
MGA
2015
Model
Evolution
Funding
G
Partnership
> $1.76 million in
Series A by
Bluerun
Business
Highlight
> Partnershiped with life
insurance broker,
health insurer, life
insurer
> Monthly premium
revenue reached CNY
1m in Mar
> $10s of millions in
Series B by SIG,
Bluerun
> Partnershiped with
P&C insurer by
providing claim
technology service
> Monthly premium
revenue reached CNY
10m in Jan
> $15 million in
Series B1, by
STARR, SIG, and
Bluerun
Business
Expansion
Source: Desktop research, Roland Berger
> Acquired Safeinsure
Broker (宇泰)
> Founded a health
TPA, Liangniao
(椋鸟科技健康)
> Acquired an
Leading TPA,
Medilink-Global
MediLink-Global
Electronic Healthcard Network
SAFEINSUREBROKER
> $10s of millions in
Series B2 by
Bocigroup
20200525_MGA model evolution Asia_vf.pptx | 29View entire presentation