This post is part of a series sponsored by InsurBanc. When it comes to purchasing an insurance agency, onboarding the entire book of business is extremely important. Otherwise, the sale price may not reflect the agency’s true value to you. …
This post is part of a series sponsored by InsurBanc. Born between 1980 and 1994, millennials are now ages 29 to 43, making them prime candidates for agency ownership. And their younger peers, Gen Z (born 1995–2010), aren’t far behind. …
This post is part of a series sponsored by InsurBanc. The insurance industry has one of the economy’s lowest unemployment rates, at 1.6% as of April 2023 according to the Bureau of Labor Statistics (BLS). Within the industry, the BLS …
This post is part of a series sponsored by InsurBanc. When we first addressed last year’s economic unrest, the Federal Reserve was just beginning to raise rates that had hovered just above zero. Today, the economy is still unpredictable, and …
This post is part of a series sponsored by InsurBanc. Producers who want to step up to agency ownership have an option they might not have considered: purchasing a book of business from the agency’s owner. The book of business …
Independent agency sale transactions are continuing at a strong pace in 2022. Organic growth rates and profitability are booming, according to Reagan Consulting. Those financial drivers continue to steer agency merger-and-acquisition prices upward. In this environment, some agency principals are …
This post is part of a series sponsored by InsurBanc. With interest rates on the rise, now is the time to reexamine your growth strategy ― organic vs. inorganic growth. What is right for your agency in today’s environment? As …
