Palomar announced it has entered into a new multi-year fronting arrangement with Advanced AgProtection, a managing general agent, or MGA. Advanced AgProtection provides crop insurance products using their expertise and innovative technology and analytics which are designed to manage standard insurance operations including underwriting, risk management and claims handling through their highly skilled and experienced team. The partnership formed between Palomar and Advanced AgProtection represents one of only fourteen Approved Insurance Providers, or AIP, with access to the $20B insured crop marketplace. The partnership further diversifies Palomar’s product mix while adding to the company’s fee income growth, a key tenant to Palomar 2X.
Published first on TheFly
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