The independent insurance agent and broker channel tallied an 8.4% organic growth rate for Q1 2024 — the lowest rate of growth in 11 straight quarters according to Reagan Consulting’s quarterly Growth & Profitability Survey (GPS).
Tag: agency growth
Channel Harvest Research Shows Agencies Hitting Their Stride on Growth
Independent insurance agencies clearly have put the impact of the pandemic-related shutdowns in the rear-view mirror, according to the 2023 Channel Harvest Research survey.
Independent Agents, Brokers Mark All-Time High in 2021
Organic growth rates among the nation’s independent insurance agents and brokers doubled from 2020 to 2021. It’s one of several zeniths uncovered in the latest Reagan Consulting Growth & Profitability Survey (GPS), which measured fourth-quarter 2021 results, completing the full-year look at the industry sector. Reagan partner Tom Doran reports the following records were set… Continue reading Independent Agents, Brokers Mark All-Time High in 2021
Brokers, Agents Break All-Time Growth Records, Commercial Lines Driving their Success
Independent agents and brokers posted their highest organic growth rate in the 13-year history of Reagan Consulting’s Growth & Profitability Survey (GPS) in the second quarter (Q2) of 2021. Buoyed by the hard market and rebounding economy, they grew by 7.1%, surpassing their previous high of 6.9% organic growth in Q2 2013. They anticipate no… Continue reading Brokers, Agents Break All-Time Growth Records, Commercial Lines Driving their Success