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2007 Best Practices Study | Agencies with Revenues Between $10,000,000 and $25,000,000 | Profile
Appendix
Insurance
Carriers
Technology
Service
Staff Info
Producer
Info
Employee
Overview
Financial
Stability
Revenues/
Expenses
Executive
Perspectives
Profile
Agencies with Revenues Between $10,000,000 and $25,000,000
G. Parent Corporation
Average
“Other” includes AAA, joint venture, and
another insurance agency.
Agency is Owned by Another Corporation
3.4%
Description of Parent Corporation
Financial Institution
0.0%
National Broker
0.0%
Other
100.0%
H. Plans for Future Ownership of Agency
Average
Sell to Employees/Family
66.7%
Sell to Third Party in 1 to 5 years
3.3%
Sell to Third Party in 6 to 10 years
10.0%
Sell to Third Party in 11+ years
0.0%
Merge with Privately-held Agency
3.3%
Uncertain at this Point
16.7%
“We continually look at every process, every client interaction, every
marketing exercise, every meeting to look for ways to improve the way
we do business. The “way” we do business is not documented in some
three-ring binder on a shelf somewhere – it constantly changes. It
constantly gets better. We actually drew our inspiration in a sense from
Dell computer, seeing the relentless commitment they made to getting
better in order to remain competitive. I fear our industry has not
learned this lesson. There are a lot of agencies out there, and
companies for that matter, operating like its still 1985.”