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Big ā€˜I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023

Insurance Journal

By Chad Hemenway Independent agents placed more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents & Brokers of America (the Big “I”). The association’s 2024 Market Share Report said independent agents have …

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Navigating the Turbulent Waters of Casualty Insurance: Insights from Industry Experts

Zywave

The casualty insurance market is currently experiencing unprecedented volatility, with significant pricing fluctuations and escalating loss costs becoming the norm. And when you take into consideration that Direct Premiums Written (DPW) increased by 2.0% Register now here.

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Unlocking New Growth for Carriers, MGAs, and InsurTechs with Independent Agency Data

Neilson Marketing Services

You can refine your outreach efforts by focusing on agencies with the right premium volumes, specialties, and relationships with specific carriers. In less than a year, they doubled their revenue from brokered accounts, with a 138% growth rate, and increased their year-over-year revenue by 24% in 2023.

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JIF 2024: What’s In a Name? When It Comes to Legal System Abuse, A Lot

Triple-I: Homeowners Insurance

As we’re trying to raise awareness of this problem with consumers, ā€˜social inflation’ doesn’t work,ā€ said discussion moderator and Triple-I’s Chief Insurance Officer Dale Porfilio. Louisianans Need to Know Legal Reforms Boost Florida Insurance Market; Premium Relief Will Require More Time How Georgia Might Learn From Florida Reforms U.S.

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Bright Futures: How Next-Gen Insurance Foundations Empower Operational Strategies

Majesco

Trend 2: Robust Growth in Excess & Surplus Lines and MGAs Managing general agents in the US market saw very strong growth in 2022, well above the broader property/casualty insurance market growth, according to Conning’s 2023 annual MGA report. Insurers looking to compete will find it challenging to do it alone. with $85.5B

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