independent agents News

New Survey Reveals How Independent Agents Are Adapting to the Hard Market

The hard market has independent agents “going the extra mile” to prioritize client communication, retention, technology and team morale. Trusted Choice, the national consumer brand representing the members of the Independent Insurance Agents & Brokers of America (the Big I), …

Destination Progressive… or One of These Other Carriers

Commissions are more certain than insurance losses. Those were not exactly the words that a Progressive executive used when he described the work the insurer has been doing to help customers meet all their insurance needs—sometimes through the policies of …

As More Shop Around, Many Insurance Consumers Unaware of Rate Factors

According to a new survey released today by Trusted Choice—the national consumer brand representing the members of the Independent Insurance Agents & Brokers of America (the Big I)—nearly 70% of American are shopping their insurance policies to find a better …

Insurtech Startup QuoteWell Comes Out of Stealth With $15M in Series A Funding

Tech-enabled commercial insurance wholesale brokerage QuoteWell announced its public launch to serve independent retail agents. Founded in 2021, the insurtech said it “helps agents who are often overlooked and given poor customer service due to low premiums associated with their …

Independent Agents Are Shopping Premiums Despite Record High Carrier Satisfaction

Independent insurance agents report unprecedented satisfaction with their carrier partners, but that doesn’t mean they aren’t keeping their options open due to the rising cost of premiums. According to the J.D. Power 2023 U.S. Independent Agent Satisfaction Study, overall agent …

‘Synthetic’ Agents? Lemonade Says Finance Deal Limits Cash Burn

Late last week, Lemonade announced a financial agreement to borrow 80% of the costs it incurs to acquire insurance customers from a venture firm. The insurtech carrier revealed the deal in a media statement and several social media messages. The …

Independent Agents Place Majority of U.S. P&C Insurance: Big I

The independent agency channel places 62% of all property-casualty insurance written in the U.S., according to the Big “I” 2022 Market Share Report. The annual Market Share Report compiles and analyzes property and casualty premium data from AM Best and …

Agents Expects Big Jump in Online Commercial Insurance Shopping: Survey

A majority of independent insurance agents (53%) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a platform for small-commercial quoting, and TrustedChoice.com, a digital marketing platform for …

People: Georgia Agents Elect Iverson President

The Independent Insurance Association of Georgia has installed longtime member Michael Iverson as president of the organization. Iverson is CEO of the M.D. Iverson Group, an insurance agency in Fairburn, Georgia. He has previously served as chairman of the IIAG, …

Insurance Agents Eye Changes to Support Growth in 2022

A majority of insurance agents have a very positive outlook for 2022. About 70% expect their business growth to be on track in the new year, while nearly 20% expect that growth to be “off the charts.” According to an …