Despite facing inflation, market volatility, and technological changes, independent insurance agents remain optimistic about their business prospects.
Tag: independent insurance agents
Examining the Mergers and Acquisitions Landscape in 2023
As we cross the midpoint of 2023, the property and casualty (P&C) insurance sector continues to experience a complex mergers and acquisitions (M&A) landscape.
Going Strong: Independent Agents Place 62% of All P&C U.S. Premiums
According to a new report from the Independent Insurance Agents and Brokers of America (the Big I), independent insurance agents place approximately 62% of all P&C premiums written in the United States. Big ‘I’s Market Share Report is released every two years and can help users understand the current insurance marketplace and opportunities and evolving… Continue reading Going Strong: Independent Agents Place 62% of All P&C U.S. Premiums
Openly Secures $7.65 Million to Empower Insurance Agents and Simplify Home Insurance
Openly Inc., the tech-enabled home insurance provider designed to empower rather than replace agents and simplify the home insurance buying process, announces a $7.65M seed round of funding led by Gradient Ventures, Google’s AI-focused venture fund. Simultaneously, Openly announces its market debut in Illinois and Arizona. Openly is backed by a diverse coalition of investors… Continue reading Openly Secures $7.65 Million to Empower Insurance Agents and Simplify Home Insurance
Travelers Offers Industry Leading Real-Time Customer Alerts for Independent Agents
The Travelers Companies, Inc. announced that independent insurance agents who use the EZLynx Management System will now be notified instantly when their Travelers personal auto insurance customers make a policy change in the MyTravelers® self-service portal. The EZLynx Management System dashboard is updated in real time when a customer adds or removes a vehicle, modifies… Continue reading Travelers Offers Industry Leading Real-Time Customer Alerts for Independent Agents
Vertafore Launches Association & Network Program to Champion the Independent Agent
Vertafore, the leader in modern insurance technology for independent agents, MGAs, carriers, states and regulators, today announced it is ramping up its commitment to industry associations to deliver more value for independent agency customers. As part of its expanded program, Vertafore has appointed Rick Fox to the role of Vice President of Agency Associations &… Continue reading Vertafore Launches Association & Network Program to Champion the Independent Agent
Insurers Come Up Short for Independent Agents Despite Critical Role Agents Play in Driving Business, J.D. Power Finds
The more satisfied independent insurance agents are with a carrier, the more business they will conduct with that carrier. Despite this fact, which is clearly evident in the J.D. Power 2019 U.S. Independent Insurance Agent Satisfaction StudySM released today, overall agent satisfaction with the service they receive from insurers is among the lowest of business… Continue reading Insurers Come Up Short for Independent Agents Despite Critical Role Agents Play in Driving Business, J.D. Power Finds