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Opportunities abound in the insurance industry

Opportunities Abound in the Insurance Industry

Whether you currently own an insurance agency or are considering acquiring an existing agency, this is a great time to be involved in the industry. Several contributing factors, including beneficial legislation, macroeconomic conditions, and a hard market resulting in increased premiums, have been catalysts to a continued growth in the insurance industry for many agencies nationwide.

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Independent Agencies Sales Alerts – August 2018 Edition

The independent insurance agencies seller’s market continues to be prevalent as summer winds down. We attribute the continuing strength in agency M&A activity to significant consumer and market confidence in this space and the general strength of the U.S. economy. Overall agency valuations are improving, primarily because of heavy pressure by the increasing number of well-funded bidders in the market including strong Private Equity interest, coupled with the many National players purchasing successful agencies. This buyer pressure, combined with historically advantageous interest rates and positive multiple arbitrage are driving up asking prices for most agencies. The listings below are a sample of some of the independents discovered through our research or provided to us during the last 30 days.

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Preparing for an insurance agency acquisition

Preparing for an Agency Acquisition

You’ve paid your dues as a broker and you’re ready to take your career to the next level by purchasing an independent insurance agency. Or maybe you’re an established agency owner and want to broaden your market reach by acquiring…

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Leverage technology to improve efficiency and agency profitability

Using Technology to Boost Agency Profitability

When it comes to leveraging new technologies in business, many insurance agency owners are still in the Industrial Age. Fewer than half of all independent insurance agents use e-newsletters, text messages, social networks or instant messaging, according to last year’s Insurance Digital Transformation Survey, which polled more than 4,300 independent insurance agents nationwide. The majority also admitted that their business lacked key technology tools, like client portals and claims download. Given that digital tools are practically ingrained in the DNA of Millennial clients and commonly used by Gen Xers, agency owners and brokers who omit these options could not only fall behind the competition, but flat out miss reaching a significant segment of the marketplace.

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