By the numbers.
Reagan Consulting's extensive frontline industry experience is enhanced by its involvement in significant research projects for both independent insurance agents and bank-insurance entities.
Best Practices Study, conducted with the Independent Insurance Agents & Brokers of America (IIABA).
The annual Best Practices Study provides critical performance benchmarks in six agency revenue categories ranging from Under $1,250,000 to Over $25,000,000. Agencies can measure, evaluate, and compare results for agency operations, including:
Income and expense distribution
Revenue and profitability growth
Production and service staff compensation/productivity
P&C and GL&H carrier representation.
This year's study provides greater detail for both revenues and expenses which provides more meaningful benchmarks for better "apples-to-apples" comparisons. The new breakdowns include:
Source of revenues
Selling and operation expense.
The ABIA Study of Banks in Insurance is a biennial study of the bank-insurance industry, conducted jointly by Reagan Consulting and the American Bankers Insurance Association (ABIA).
The study presents the results of a national survey of banks that are actively selling insurance and it provides an analysis of key bank-insurance trends. Additionally, topical issues are addressed in a white paper format. Topics recently addressed by the study include 1) the success of agency acquisitions by banks and 2) the value of insurance distribution to bank shareholders, customers and employees.
Copies of the study may be ordered from the ABIA.Order ABIA Study