Times are good for independent insurance agents and brokers, according to a study released by Reagan Consulting, a firm that provides strategic advice to the independent insurance industry.
"Industry organic growth has now been in a relatively tight band of 5 percent to 7 percent for 14 consecutive quarters," commented Kevin Stipe, president of Reagan Consulting, a management consulting and merger-and-acquisition advisory firm for the insurance distribution system. "Times are good for insurance brokers."
A quarterly survey of 130 mid-sized and large-sized agencies and brokerage firms showed a median organic growth rate of 5.9 percent among agents and brokers. It marks the 14th consecutive quarter in which growth has been between 5 percent and 7 percent, an indication of the industry's stability.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
