When evaluating an agency network as a partner for the independent agent, there are many factors to consider. Each agent’s business model is unique, so solutions need to be flexible and scalable to the individual.
We surveyed and interviewed independent agents from across the United States to understand the hurdles they face, the partnerships they’ve engaged, and how these strategies have affected their businesses. In our research, we explored the options they chose to overcome income and growth barriers while remaining independent.
The independent model is appealing and offers many advantages — but there can be downsides. Get instant access to our whitepaper, which provides strategies to help independent agents overcome these hurdles and achieve success.
Agency Network. Aggregator. Cluster. The words are used interchangeably in the insurance industry, but are they really the same thing? If you are an independent agent looking for market access and agency growth, is it worth joining some type of an alliance, and how do you know which one is right for you?
Insurance clusters, aggregators, and agency networks are three options for independent agents that each offer their own unique advantages. However, there are some distinct differences to take into consideration when deciding to join any of them.