Best Practices
ContentsBest Practices GatewayReagan Consulting
 
  2011 Best Practices Study
  Agencies with Revenues between $5,000,000 and $10,000,000
ProfileRevenuesExpensesProfitabilityEmployee OverviewProducer InformationStaff Service InformationTechnologyInsurance CarriersAppendix
Service Staff Overview / TPA Service Staff   |   Service/Sales Support Staff:   CL   GL&H   PL   Multi    |   Account Executives:   CL  PL and L&H

 
Service Staff
Service Staff is defined in the study as typically non-commissioned employees who are responsible for providing service to the agency’s clients and/or supporting producers in the sale of new business and the retention of existing business. (Some service positions may earn commission income but a majority of their pay is fixed.) Senior level service staff is referred to as Account Executives (AEs). All others including Account Managers, Customer Service Reps (CSRs), Assistant CSRs, Processors, Claims Specialists, Placers/Marketers, etc. are referred to as Service/Sales Support Staff. Service Staff Overview
  Average +25% Profit +25% Growth
Total # of Service Staff:
(as defined above; excludes any TPA service staff) 25.5 21.6 23.2
% of Peer Agencies Having:
Separate/Dedicated Marketing Department 51.2% 45.5% 18.2%
# of Marketing Staff 2.0 2.8 3.5
Separate/Dedicated Claims Department 62.8% 36.4% 63.6%
# of Claims Staff 1.8 1.3 1.7


TPA Service Staff
  Average +25% Profit +25% Growth
% of Peer Agencies Having:
Workers Comp TPA 0.0% 0.0% 0.0%
# of Service Staff * * *
Total TPA Revenues Serviced * * *
Group Benefits TPA 9.3% 18.2% 0.0%
# of Service Staff 2.3 2.0 *
Total TPA Revenues Serviced $200,566 $57,800 *
*Insufficient Data


 

 
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