Excess and surplus (E&S) insurance is a fascinating part of the insurance world, as it offers coverage for risks traditional insurers cannot or will not handle. With 2025 shaping up to be a pivotal year for this market, it’s crucial for independent agents to understand the nuances of E&S insurance to serve clients effectively and … Read more
The year 2024 brought its share of highs and lows, leaving a lasting impact on the insurance landscape. Now as the dust settles post-election, 2025 is shaping up to be a year of significant change. Economic trends, technological advancements, regulatory shifts, and environmental challenges are all set to influence the industry. Here’s a closer look … Read more
As we approach the end of 2024, insurance agents may want to consider taking an inventory of the agency’s coverage over the past year. This process involves analyzing the types of policies offered, their uptake, and their performance. An inventory allows agents to reflect on the past year, identify strengths and weaknesses, and plan for … Read more
Amidst a challenging economic landscape, purchasing a book of business from another agent can improve cash flow and accelerate growth significantly. It offers an agent immediate access to an established client base, massively boosting income for the agency and providing access to new markets. Here’s how to go about purchasing a book of business and … Read more
The insurance market is showing signs of softening, especially in the realms of property and casualty insurance and commercial insurance. While the hard market may continue through 2024, experts predict it will soften in 2025. Reinsurance may also increase by the end of the year, leading to softer market conditions in 2025. What does that … Read more
Joining an insurance network can provide independent agents with valuable resources, support, and opportunities for growth. It can ultimately help you compete more effectively in the insurance marketplace. However, agents need to ask questions and carefully evaluate the benefits, costs, and terms of membership before deciding to join a particular network. Here are 10 questions … Read more
During a hard market, it’s essential to stay up-to-date as much as possible with industry trends, tools, and developments. Sometimes, it’s difficult to even know where to go when wanting to stay ahead of the curve. For that reason, we’ve compiled a list of resources for independent insurance agents to follow and how to find … Read more
With the current market conditions, many insurance companies are struggling, and, sadly, a few have gone insolvent. As a result, savvy policyholders may be wary of investing in certain types of insurance out of concern that they’ll end up with an unpaid claim. The good news for policyholders is that there’s a process that grants … Read more
From automation to the use of artificial intelligence (AI) to offering policy quotes in real-time and more, insurance agents are looking for their carriers to boost the implementation of new and emerging technologies not only for their own benefit but for the benefit of their policyholders as well. When the world as we knew it … Read more
Independent agencies and brokers rely on sales to survive. Without sales, an agency will lack customers, lose revenue, and have no future. If sales represent the vehicle driving the success of your independent agency, then marketing, specifically community marketing, is that vehicle’s fuel. Community marketing is essential to any independent insurance agency or insurance broker’s … Read more