A Managing General Agent (MGA) is a specialized type of insurance agent or broker that has the authority to underwrite policies, manage claims, and handle other administrative tasks on behalf of an insurance company. MGAs often focus on specific markets or types of insurance, allowing them to provide tailored services and expertise. MGAs act as intermediaries between insurance carriers and agents or brokers, streamlining the process of policy issuance and management. They help insurance companies expand their reach and improve efficiency while providing agents with access to unique products and services that may not be available through traditional channels.