The biggest factors in determining an agency’s value are growth, retention, profitability, overall volume, culture, and the risk inside that agency. The adoption of technology and data significantly impacts all of these areas.
Texas Agent News: Agency Management
News from IIAT about issues facing independent insurance agents in Texas.
Exciting news! As a loyal IIAT member, you now have FREE Full Access to Catalyit.com - the independent agent's hub for technology advice, tools, training, and insights.
The key to solving the talent gap requires organizational flexibility. Enter the “skills-based organization.”
Take our free, all new, Operational Agency Assessment and receive a customized action plan for your agency.
Let our team of savvy, seasoned insurance professionals help. Together, we’ll help you find solutions to your agency's challenges.
Many economists are concerned that interest rate increases will slow economic growth and cause a recession. Here are four ways such changes could impact your HR department.
During unpredictable times, agency owners who are investing in their agencies are going to be very well positioned for whatever the future holds.
The best way to build strong customer relationships is to have quality people representing your brand, serving your customers, and shaping the culture of your agency.
The quarterly report, only for IIAT members, provides data and trends for a more “real time” sense of market conditions.
Ask yourself these important questions when you think you're ready to buy an agency.
Knowing when and if to sell is a difficult decision. Here are some indicators that it might be time.
It’s a new year. Time to get your annual checkup, refresh goals and get to work.
IIAT members can get exclusive access at a discount.
InsurBanc President & CEO Dave Tralka shares valuable insights and case study examples of how a financial partner can help an independent agency prosper.
The price that your agency commands depends on several factors, including what is most important to both the buyer and the seller, the synergies that exist between agencies owned by a potential buyer and seller agency, and the risk level that both parties are willing to assume in the agency sale.
On Thursday, May 20, IIAT hosted the first Agents’ Roundtable, a monthly online discussion where agents discuss timely agency operations and leadership topics. During the roundtable, agents and IIAT staff discussed issues concerning COVID-19 and returning to the office.
Knowing the value, and more importantly, what drives the value of your agency, provides you with the information to build a plan for your agency today and into the future.
President Biden has announced a paid leave tax credit to employers that provide full pay for any employee who takes time off to get a COVID-19 vaccination.
Even with the best remote onboarding process, mistakes happen. WAHVE can help.
IIAT's Agency Finance and Valuation Consultant Carey Wallace provides agency owners with practical examples of how knowing your value can lead to opportunities for growth, increased profitability, and an increase in your agency’s overall value.
Ownership of expirations, including related records and data, is perhaps the most critical issue for independent agents to consider in their company appointment contracts.
Barring an unforeseen event as disruptive as COVID-19 was this past spring, and being optimistic that a winter wave of the pandemic is contained, 2021 looks to be a hopeful year for independent insurance agencies.