2002 Best Practices Study
Analysis of Agencies with Revenues Greater Than $10,000,000
CARRIER REPRESENTATION
A. Number of Carriers Represented
Average
+25% Profit
+25% Growth
Personal Lines National
6.3 3.4
5.8 5.8
4.0 4.6
Regional
Commercial Lines National
33.9 28.5 72.1
21.7 29.6 62.9
27.3 58.0 93.9
Regional
Total Carriers
B. Commission Income as % of Net Revenue
Average
+25% Profit
+25% Growth
% of Net Rev from Top Carrier % of Net Rev from Top 3 Carriers
9.6%
15.9% 26.2%
8.3%
19.5%
18.7%
C. Service Center Use
Total Pers'l Lines Commissions placed in Carrier Service Center Total Comm'l Lines Commissions placed in Carrier Service Center
1.1%
*
*
1.1%
1.6%
1.9%
*Insufficient Data
105
Made with FlippingBook