Times are good for independent insurance agents and brokers, according to a study released by Reagan Consulting, a firm that provides strategic advice to the independent insurance industry.
"Industry organic growth has now been in a relatively tight band of 5 percent to 7 percent for 14 consecutive quarters," commented Kevin Stipe, president of Reagan Consulting, a management consulting and merger-and-acquisition advisory firm for the insurance distribution system. "Times are good for insurance brokers."
A quarterly survey of 130 mid-sized and large-sized agencies and brokerage firms showed a median organic growth rate of 5.9 percent among agents and brokers. It marks the 14th consecutive quarter in which growth has been between 5 percent and 7 percent, an indication of the industry's stability.
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