MarketScout
MarketScout, founded in 2000 and based in Dallas, Texas, operates as a Managing General Agent, Lloyd's Coverholder, and wholesale broker, specializing in various insurance areas and investing in InsurTech.
Company History
MarketScout was founded in 2000. Over the years, it has expanded its operations to include acting as a Managing General Agent, Lloyd's Coverholder, and wholesale broker. In 2007, the company founded the Entrepreneurial Insurance Alliance (EIA). Continuing its innovative approach, MarketScout launched the MarketScout InsurTech (MIT) venture fund in 2017 and an Incubator in 2018 to accelerate startup MGAs and support operational functions for existing MGAs and insurers.
Specialty Expertise
MarketScout offers a range of specialty expertise in various areas. These include workers’ compensation, private client solutions, energy, healthcare, fine art, equine, jewelry, professional liability, and other specialty programs. This specialization enables MarketScout to provide tailored solutions in niche insurance markets.
Key Operations and Investment Initiatives
MarketScout operates the MarketScout Exchange and invests heavily in InsurTech innovations. It incubates startup Managing General Agents (MGAs), focusing on providing support and operational functions. The company has also established the MarketScout InsurTech (MIT) venture fund to foster growth and innovation within the insurance technology space.
Founders and Notable Associations
MarketScout's involvement in the insurance industry extends to founding the Council for Insuring Private Clients (CIPC) and administering the Certified Personal Risk Manager (CPRM) designation. These initiatives underline the company’s commitment to advancing industry standards and professional education.
Accolades and Recognition
MarketScout has received notable recognition in the industry. From 2012 to 2021, it was named one of the Best Places to Work in Insurance by Business Insurance for nine consecutive years. This consistent acknowledgment reflects the company’s dedication to creating a positive and supportive work environment.