Independent insurance agencies have suffered through restrictive agency management technologies for decades. The launch of Veruna marks a new beginning and new approach to the technology backbone of insurance agency management. Veruna has already grabbed the attention of the insurance industry by winning the 2016 ACORD Insurance Innovation Challenge, an annual insurance technology competition that identifies significant and sustainable innovation for the insurance industry. The company is also a recipient of a 2016 ACORD Leadership Award, a prestigious honor that recognizes those who have gone above and beyond in guiding…
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Independent insurance agencies seeing major growth in US
Study shows promising trends for independent insurance agencies The number of independent insurance agencies, as well as the revenue they produce, is on the rise, according to a new study from Future One, a collaborative group comprised of the Independent Insurance Agents & Brokers of America and a group of independent agency companies. The study, called “2012 Agency Universe Study,” shows that independent agencies are becoming more popular throughout the U.S. The study provides some insight on why agencies may be growing more popular and what that could mean for…
Read MoreStudy suggests recovery for independent insurance agents and brokers
A new study from the Independent Insurance Agents & Brokers of America (IIABA), the largest insurance agent and broker association in the U.S., brings some good news regarding the state of the nation’s independent agencies. The 2011 Best Practices Study outlines the organic growth that is currently moving throughout the industry. The study notes that 2010 was a year of promising growth and that the trend has continued throughout this year as well. The IIABA says that independent agencies are showing real signs of recovery for the first time since…
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