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.
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.
The new 2016 Agency Universe Study findings provide insight into the overall health and prosperity of the independent agent channel.
The new 2016 Best Practices Study, which provides benchmarks and analysis of the group of 260 Best Practices agencies, reveals how they are thriving in a difficult environment.