There are a number of reasons this is happening. First and foremost, carriers are beginning (if ever so slightly) to see the value of a hometown agent as opposed to a mega-agency. They can pay less, and babysit less while getting an overall loss experience that is the same or less. Any hometown agent could have told you that all along.
Another reason is with the ongoing tough economy, people want to know they’re getting value for their money. If an agency can provide guidance and a competitive price, they’ll take it over price alone.
Interesting growth numbers. In the last two years, SIAA has added over 550 new independent insurance agencies from the ranks of direct writers, captives, life and financial service providers and agency producers who wanted to create their own IA.
I guess the way to look at the numbers is that SIAA created 55% of new IAs over the last two years. That tracks well with our Mission Statement – “dedicated to the creation, retention and growth of the Independent Insurance Agency system”.. Through 6/30/12, SIAA has since its inception, created 2333 new IAs.
Mark sounds like a disgruntled applicant who didn’t make the cut with SIAA. Facts are facts. SIAA has had an extremely positive impact on the independent agency culture.
There are a number of reasons this is happening. First and foremost, carriers are beginning (if ever so slightly) to see the value of a hometown agent as opposed to a mega-agency. They can pay less, and babysit less while getting an overall loss experience that is the same or less. Any hometown agent could have told you that all along.
Another reason is with the ongoing tough economy, people want to know they’re getting value for their money. If an agency can provide guidance and a competitive price, they’ll take it over price alone.
Interesting growth numbers. In the last two years, SIAA has added over 550 new independent insurance agencies from the ranks of direct writers, captives, life and financial service providers and agency producers who wanted to create their own IA.
I guess the way to look at the numbers is that SIAA created 55% of new IAs over the last two years. That tracks well with our Mission Statement – “dedicated to the creation, retention and growth of the Independent Insurance Agency system”.. Through 6/30/12, SIAA has since its inception, created 2333 new IAs.
Nice pitch. Take it elsewhere. Way to keep that stigma strong Jim.
Yes SIAA us the savior of the IA system, so cocky.
Mark sounds like a disgruntled applicant who didn’t make the cut with SIAA. Facts are facts. SIAA has had an extremely positive impact on the independent agency culture.