MarketScout targets InsurTech & MGA facility expansion

Texas based insurance exchange and managing general agent MarketScout has sold its $100 million workers compensation MGA and will use the proceeds to fund a change in strategy, as it switches its focus to Insurtech and MGA facilities. MarketScout owns the successful MarketScout Exchange, where it connects agents with insurers and now wants to leverage technologies alongside MGA facilities to reach out to capacity providers looking to access specialty business that it can introduce them to.