KPIs, or key performance indicators, are objective performance measures that companies can track over time. They are valuable to all industries because they establish benchmarks, provide targets for teams to aim toward, and provide important insights to enhance decision-making across…
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Launching a business involves a great deal of decision-making, and insurance agencies are no different. One of the most critical is settling on the right business structure for the company. Should the company be a partnership, a sole proprietorship, a…
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As insurance agencies strive for longevity and unwavering success, the significance of succession planning becomes increasingly evident. This strategic process safeguards the essence of an agency's mission and vision, even when key members transition away from their roles. To navigate…
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Working with an insurance consulting firm can offer agencies several notable advantages. Constructive input from experienced professionals can help them manage their operations affordably and efficiently while planning agency development initiatives. Here are some things that agents should keep in mind when…
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Mergers are essential for a thriving insurance company to extend its operations and grow an established book of business. The merger process is complex and deserves careful attention to ensure that any decisions being made ultimately benefit your agency. Below…
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Your insurance agency might experience overwhelming stress in an effort to manage all of your clients' different policy options. To ultimately make your business more robust and easier to run, you may consider hiring a consulting group. The first step…
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