90 / 123
AGENCIES WITH REVENUES BETWEEN $10,000,000 AND $25,000,000
90
2006
PROFILE
REVENUES/
EXPENSES
FINANCIAL
STABILITY
EMPLOYEE
OVERVIEW
PRODUCER
INFO
SERVICE
STAFF
INFO
TECHNOLOGY
INSURANCE
CARRIERS
2006 Best Practices Study
PRODUCER INFORMATION
A.
New Producer Hiring
Where New Producers Were Found
Average
+25%
Profit
+25%
Growth
% of Agencies that Hired
a New Producer During
Last Fiscal Year
82.8% 50.0% 75.0%
Number of New
Producers Hired
3.3
5.3
6.0
Average Annual
Compensation Per New
Producer
$75,418 $89,320 $65,496
Another
insurance broker
49.9%
An insurance
carrier
16.6%
Directly from college
or graduate school
3.1%
Outside of Industry*
30.4%
*Other industries mentioned most often include Medical/Pharmaceutical, Payroll Services,
Advertising, Construction/Engineering, Banking/Financial Services, and Legal