Selling your insurance agency requires a lot of careful planning and patience. It can take months to find qualified buyers, allow them to review your agency, and to arrange financing for the transaction. While it may take time to sell…
Technology in the insurance industry is changing at breakneck speeds. This shift is affecting insurance agencies from all sides. Every aspect of daily life is now influenced by technology. Insurance companies are not exempt from this fast-paced transition. The…
Mergers and acquisitions amongst insurance agencies continue to grow. That’s great news whether you’re buying or selling. However, the deal of the decade isn’t worth the paper it’s written on if it’s poorly executed. Business ventures such as these require…
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.
When considering the sale of their brokerage, most insurance agency owners focus on the valuation of the business and finding a qualified buyer for the transaction. Understandably, their primary objective is to pocket as much profit on the sale of…
In today’s marketplace, every small business runs on technology. Coffee shops use credit card readers that plug into iPads. Pest control companies schedule appointments through online calendar systems. And boutique marketing agencies leverage cloud-based project management tools and CRMs. Modern…
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…
Browse any industry journal these days, and you’re bound to see reports of the booming market for independent insurance agencies. In fact, 2017 looks to be a record-setting year for M&A activity in the insurance arena, with reported transactions for…
If you’re thinking about selling your independent insurance agency, 2018 could be a great time to make it happen. Several economic factors have come together to create a “seller’s market,” but there’s no telling how long this window of opportunity…
The past 12 months saw robust mergers and acquisitions activity for insurance agencies. Across the country, agency owners in their 60s and 70s who are transitioning into retirement provided opportunities for savvy buyers to acquire existing agencies with a strong…