Igniting Your New Insurance Agency or Rekindling Your Existing One – The Ultimate Guide

business plan

Embarking on the journey of operating an insurance agency presents an intriguing challenge intertwining entrepreneurship with community service. A profitable insurance agency not only contributes to the economic fabric but also serves as a crucial pillar in protecting individuals and businesses from the unpredictable twists of fate. Central to steering this venture towards success is the crafting of a robust business plan, a compass to navigate the competitive landscape of the industry. This plan is your blueprint, laying out a clear path that encompasses your vision, identifies your target demographic,…

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2018 Insurance industry trends laying the foundation for 2019

Insurance Industry Trends - What's Next

This year took insurers and their policyholders in a new direction that will define future movements. Every year reveals different insurance industry trends and as we look back on 2018, it has become clear that it was also defined by a specific direction. Last year was seen as a time in which regulations were changing broadly but 2018 was different. In 2018, the insurance industry trends in the United States showed an inclination toward forming new alliances and remaining flexible in an evolving marketplace, according to a recent Modern Healthcare…

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Insurance industry hiring evens out, though some positions remain unfilled

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A new study showed that insurer job availability will continue to be substantial and steady for the next year. Insurance industry hiring is stabilizing as over half of all insurers intend to boost the size of their staff over the next year. The Jacobson Group and Ward Group released their Semi-Annual U.S. Insurance Labor Outlook Study results. Fifty eight percent of insurance companies will be hiring more people in 2018, said the study. The insurance industry hiring trend is greatly supported by a predicted boost in business as well as…

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Zurich insurance company reveals a new tactic in $1 billion deal

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The insurer that suffered striking losses last year and backed out of potential agreements has a new strategy. The Zurich insurance company has now come up with a new strategy to help to recover from a rough period throughout 2014 to 2015 and has revealed that it intends to spend over $1 billion in the purchase of an American agricultural insurer. This is a component of the insurer’s new strategy for acquisitions after having stepped back from RSA in the U.K. Earlier in December, the insurance company’s CEO chose to…

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Life insurance industry experienced worldwide growth last year

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A new Swiss Re report has shown that there was a global gain in this sector, despite only slight economic improvement. Swiss Re, the global reinsurance company, has recently released a report that has shown that the global life insurance industry had managed to gain momentum in 2014, even though the economic situation saw only the slightest growth. The total number of direct premiums that were written increased by 4.3 percent. This is particularly notable following the trend in 2013, in which the total number of direct premiums written had…

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