2016 MARSHBERRY AGENCY COMPENSATION REPORT
MarshBerry conducts a biennial insurance agency compensation study to determine how salaries, commissions, bonuses and employee benefit levels in agencies have changed. This report is one of a kind in the industry.
The 2016 Compensation Report presents the aggregate responses provided by the 424 insurance agencies that participated in the study, as well as relevant data sets from the MarshBerry proprietary financial management system Perspectives for High Performance (“PHP”).
2016 MARKET & FINANCIAL OUTLOOK
MarshBerry has released its 30th Annual Market & Financial Outlook Report. The survey compiled anonymous general independent agency information including financial performance, market dynamics, and technology, with MarshBerry’s proprietary financial management system Perspectives for High Performance (“PHP”) data.
The complete report, available for $399, enables independent insurance agencies to highlight key agent and broker performance trends from 2007–2015 with results segmented by revenue size and region. Results from the survey compiled anonymous data from 460 insurance agencies representing an average revenue size of $15.6 million.
2015 ORGANIC GROWTH TRENDS REPORT
MarshBerry has released its first Organic Growth Trends survey. The goal of the survey was to identify organic growth trends, as well as provide insight into recruiting and sales management practices.
Over 170 independently owned insurance agencies responded, with an average revenue size of $15 million.
Building a sustainable organic growth engine takes time, commitment, focus, and planning. It requires identifying and tackling the obstacles; understanding metrics; developing a detailed sales process with milestones; establishing a timeline to accomplish goals; and finally executing. This is how organic growth is achieved and sustained.