Aggregator

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CoJones
Insurance Journal Addict
Posts: 48
Joined: Tue Aug 23, 2011 9:34 am

Aggregator

Post by CoJones »

I'm agent in upstate NY. I'm looking to work with Insurance Aggregator. I was wondering if anyone has any success with them.

I'm also looking to retain my book. I'm not interested any program that I would have to buy back my book from.
AgencyEquity
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Joined: Fri Jan 28, 2011 3:19 pm
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Re: Aggregator

Post by AgencyEquity »

You can find a list of aggregators by going to our website linked below, you will find it under agency resource directories.
http://www.agencyequity.com
The Premier Website for Insurance Agency Principals, Executives, and Producers with Executive-Level Business Needs
oldinsman
Insurance Journal Fan
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Joined: Mon Aug 25, 2014 10:29 am

Re: Aggregator

Post by oldinsman »

In my experience most aggregators want you to roll your existing book in. Of course they may make a provision that you don't have to buy it back when/if you chose to leave the fold. Consider that the aggregator acquires 'swag' with their insurance carriers by 'controlling' large blocks of business.
Basically the law of large numbers apply, similar to a large agency versus a small mom & pop agency. Normally the large agency has better 'terms' with the carrier due to their larger premium volumes. In a Best Review comparison a regional aggregator listed all premiums in that group as their premium volume. It seems that once you join, you are absorbed into the collective. Best of success in your search!
JulieTinney
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Joined: Wed Jul 30, 2014 10:24 am

Re: Aggregator

Post by JulieTinney »

CoJones, this recent IJ list of the Top 20 Agency Partnerships by revenue may be helpful in your search. Good luck!
http://www.insurancejournal.com/top-20- ... tnerships/
CoJones
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Posts: 48
Joined: Tue Aug 23, 2011 9:34 am

Re: Aggregator

Post by CoJones »

JulieTinney wrote:CoJones, this recent IJ list of the Top 20 Agency Partnerships by revenue may be helpful in your search. Good luck!
http://www.insurancejournal.com/top-20- ... tnerships/
Thanks for the info, The Iroquois Group is doing well..
CoJones
Insurance Journal Addict
Posts: 48
Joined: Tue Aug 23, 2011 9:34 am

Re: Aggregator

Post by CoJones »

Are their any aggregators that don't charge a monthly fee?
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