5 Key Findings from the Agency Universe Study 2022 – ACT Technology Summary
The Technology Summary reveals a number of key insights into the use and adoption of technology by independent agency members.

The Technology Summary reveals a number of key insights into the use and adoption of technology by independent agency members.
As we look back on 2022, here are three studies from the Big “I” on the state of the independent agency channel and the lessons that can be drawn from them as we move into 2023.
The number of independent insurance agencies has increased, according to the newly released study hailed as the most comprehensive look at the independent agency system.
Best Practices agencies hit all-time highs in organic growth and profitability, according to the study.
Sales velocity may be one of the most important indications of an agency’s ability to succeed and perpetuate over the long term.
The number of independent insurance agencies has remained stable and business conditions continue to improve, although at a slower rate than 2018, according to the 2020 Agency Universe Study.
In the first quarter of 2020, agents and brokers predicted 7% growth. In 2021, agents and brokers are predicting a bullish 6% growth.
This year’s benchmarking analysis examines four key areas in which independent agencies must go beyond day-to-day chaos to rethink the fundamentals.
Still not convinced you have something to gain by engaging with the Best Practices Study? Here are three specific reasons that might change your mind.
Overwhelmed by the wealth of data in the Best Practices Study? Focusing on these valuable metrics can help your agency thrive in 2019 and beyond.