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2007 Best Practices Study | Agencies with Revenues Between $2,500,000 and $5,000,000 | Insurance Carriers
Agencies with Revenues Between $2,500,000 and $5,000,000
Appendix
Insurance
Carriers
Technology
Service
Staff Info
Producer
Info
Employee
Overview
Financial
Stability
Revenues/
Expenses
Executive
Perspectives
Profile
Workflow
Average
+25% Profit
+25% Growth
Use of Carrier Service Centers
Very Negative
# Personal Lines Carriers
Very Positive
Very Negative
Very Positive
# Commercial Lines Carriers
Retention
Average
+25% Profit
+25% Growth
Very Negative
# Personal Lines Carriers
Very Positive
Very Negative
Very Positive
# Commercial Lines Carriers
Profitability
Average
+25% Profit
+25% Growth
Very Negative
# Personal Lines Carriers
Very Positive
Very Negative
Very Positive
# Commercial Lines Carriers
Sales
Average
+25% Profit
+25% Growth
Very Negative
# Personal Lines Carriers
Very Positive
Very Negative
Very Positive
# Commercial Lines Carriers
Insufficient Data
Insufficient Data
Insufficient Data
Insufficient Data
*Insufficient Data
Impact of Service Center Use
Average
+25% Profit
+25% Growth
Service Center Use
Total Personal Lines Comm. placed in
Carrier Service Center
29.9%
20.8%
*
Total Commercial Lines Comm. placed in
Carrier Service Center
6.6%
4.5%
1.8%