Organic growth for private agencies and brokerage firms dropped nearly a percentage point from 2013, new analysis finds.
Insurance agents and brokers reported median organic growth of 6 percent for the third quarter of 2014, down from 6.8 percent for the third quarter of 2013, according to new analysis from Reagan Consulting.
"The year 2014 is turning out to be a solid but not spectacular year for agents and brokers," said Kevin Stipe, president of Reagan Consulting, a management consulting and merger-and-acquisition advisory firm for the insurance distribution system. "Organic growth is a bit slower than a year ago, and concerns about a softening market in commercial property and casualty insurance are building."
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