2005 Best Practices Study
AGENCIES WITH REVENUES BETWEEN $500,000 AND $1,250,000
PRODUCER INFORMATION
2005
A.
New Producer Hiring
+25% Profit
+25% Growth
Average
% of Agencies that Hired a New Producer During Last Fiscal Year
PROFILE
17.4%
*
*
Number of New Producers Hired
1.0
*
*
REVENUES/ EXPENSES
Average Annual Compensation Per New Producer
$28,500
*
*
FINANCIAL STABILITY
*Insufficient Data
Where New Producers Were Found
Outside of Industry* 25.0%
Directly from college or graduate school 0.0%
EMPLOYEE OVERVIEW
Another insurance broker 25.0%
PRODUCER INFO
An insurance carrier 50.0%
SERVICE STAFF INFO
*Other industries mentioned most often include Accounting/Finance, Banking, Construction, Medical/Healthcare, and Retail Sales.
TECHNOLOGY
INSURANCE CARRIERS
26
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