Search found 49 matches

by jctwindad
Mon Mar 06, 2006 1:06 pm
Forum: Opinions
Topic: Considering purchase/franchise
Replies: 18
Views: 17631

I understood commission split to be 35% for the producer, and 65% for the agency. That is fairly standard. Occassionaly you will see a higher split for the producer on new business only, but 35/65 is fairly normal for renewal splits.
by jctwindad
Mon Mar 06, 2006 8:08 am
Forum: Opinions
Topic: Considering purchase/franchise
Replies: 18
Views: 17631

Before making the jump to agency ownership, you need to know that a 35/65 split is not a bad deal. After working for other agencies for 20 years, I finally reached the ownership ranks 10 years ago, and now own 80% of a $20 million agency. I can tell you that my profit margin is 25% (which is really ...
by jctwindad
Mon Nov 28, 2005 12:13 pm
Forum: Hard-to-Place Accounts
Topic: Who's Best TAM or X-Dimensional ??
Replies: 16
Views: 14641

SandDog I understand your need to act quickly. If that is the case, I believe you will find AMS 360 or NexSure either to be your best choices. NexSure seems to have the inside edge from all I hear. My only concern there would be the fact that it is a new player, and although it has some strong inves...
by jctwindad
Mon Nov 28, 2005 8:17 am
Forum: Hard-to-Place Accounts
Topic: Who's Best TAM or X-Dimensional ??
Replies: 16
Views: 14641

If you truly want an unbiased opinion, you need to talk with Steve Anderson. Steve writes a column each month in Rough Notes, and often has articles in Independent Agent magazine. He is "the guru" on insurance agency automation issues. He is a former agent, who is very knowledgeable re aut...