7 Findings from the 2022 Agency Universe Study
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.
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.