Insurate, a managing general agent (MGA) focused on workers’ compensation in the middle market, has announced a new capacity deal with Markel. This partnership is part of Markel's strategy to expand its footprint in the workers’ comp sector, allowing both companies to strengthen their positions in the market.
Insurate specializes in providing tailored insurance solutions to small and medium-sized businesses, aiming to simplify the complexities associated with workers’ compensation. Markel, a well-established insurance carrier known for its diverse offerings, sees this collaboration as an opportunity to boost its offerings in the often-overlooked middle market.
By joining forces, Insurate and Markel aim to leverage each other's strengths. Insurate brings innovative technology and targeted services, while Markel offers additional capacity and expertise. This partnership is likely to improve access to workers’ compensation insurance for middle market businesses, which often struggle to find suitable coverage options.
The direct beneficiaries of this capacity deal will likely be small and medium-sized enterprises that require comprehensive workers’ compensation solutions. Insurate's ability to streamline policies could lead to better coverage, pricing, and customer service for these businesses.
Overall, this collaboration reflects a growing trend within the insurance industry to adapt and meet the needs of middle market clients. With both companies focused on enhancing their product offerings, this partnership could be a step toward a more robust insurance landscape for workers’ compensation.
Original Source: https://www.theinsurer.com/program-manager/news/markel-agrees-capacity-deal-with-workers-comp-insurtech-mga-insurate-2025-06-05/