Who’s Worth What in the Independent Agency System? Find Out … Join IJ’s Survey

March 23, 2010

Insurance Journal is polling insurance agents and brokers nationwide in its annual search to find out who’s worth what in the independent agency system.

Don’t miss out on your chance to participate. The 2010 Agency Salary Survey results will be compiled for a special report in the April 19, 2010, issue of Insurance Journal magazine.

All independent insurance agents and brokers are invited to participate in the 2010 Agency Salary Survey. All individual survey responses and information will be kept strictly confidential, while the results will be published by Insurance Journal.

The survey provides important information on insurance agency compensation trends, and takes less than 10 minutes to complete.

In last year’s survey, a quarter of all independent agencies reported reducing staff in 2008 and 11 percent had plans at that time to further cut staff in 2009. Even so, more than half (54 percent) of all agencies’ staff sizes remained the same in 2008 and two-thirds (66 percent) plan to remain the same in 2009.

Salary raises also suffered, according to the 2009 Agency Salary Survey. Some 42 percent of agencies postponed salary raises in 2008 and 47 percent had plans to postpone salary raises in 2009, the survey revealed.

Today’s economy has improved, but the insurance industry continues to be hindered by a lingering soft market. Could hiring and compensation trends change in 2010? Find out by participating in IJ’s 2010 Agency Salary Survey today.

If you have any questions, contact Andrea Wells at: awells@insurancejournal.com.

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