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Productivity—Producers

(continued)

164

2007 Best Practices Study | Agencies with Revenues Over $25,000,000 | Producer Info

Appendix

Insurance

Carriers

Technology

Service

Staff Info

Producer

Info

Employee

Overview

Financial

Stability

Revenues/

Expenses

Executive

Perspectives

Profile

Agencies with Revenues Over $25,000,000

Servicing

Existing

Accounts

50.4%

Personnel Training/

Educat./Prof Dev.

7.2%

Mgt/Personnel/

Agency Admin.

7.8%

Soliciting

New Business

34.6%

Servicing

Existing

Accounts

43.4%

Personnel Training/

Educat./Prof Dev.

7.4%

Mgt/Personnel/

Agency Admin.

6.9%

Soliciting

New Business

42.3%

Most Successful Producer Productivity

Commercial P&C

Group L&H

New Commissions Produced Annually

Average

$292,219

$202,228

Top 25%

$494,566

$300,773

Total Commissions in Producer’s Book

Average

$1,639,518

$1,337,460

Top 25%

$2,738,603

$2,573,949

Average Commissions per Account

Average

$38,427

$24,757

Top 25%

$80,317

$43,944

How Most Successful Producers Spent Time

“A key element of our sales culture is fostering a healthy level of

competitive peer pressure among our producers. Publishing new

business numbers regularly for all employees to see has helped

us do that.”

Commercial P&C Producer

Group L&H Producer