MARSHBERRY’S CONNECT PLATFORM AGAIN NAMED TOP 3 AGENCY PARTNERSHIP IN U.S.
Woodmere, OH, September 20, 2021 – MarshBerry announced today that its Connect Platform was once again named one of the top agency partnerships in the U.S. by Insurance Journal.
Launched April 2019, the Connect Platform is an exclusive offering to the agency and brokerage members of MarshBerry’s executive peer exchange network – Connect Network. The MarshBerry Connect Platform is more than just an aggregator, it’s an organic growth accelerator. It enables its members to drive differentiation, leverage the benefits of both scope and scale, and harness resources and capabilities to maximize organic growth for their firm.
“Part of what makes MarshBerry’s model unique is the opportunity to help firms execute best practices to drive organic growth. It’s designed for agencies and brokerages that truly want to differentiate the delivery of insurance solutions to clients,” said John Wepler, Chairman and CEO of MarshBerry.
Intentionally designed to reinforce and enhance sustainable partnerships with many industry-leading regional and national carriers, the Connect Platform focuses on a member firm’s desire to specialize, differentiate, and leverage inherent franchise value they and these Premier Partners aim to co-create for their insureds.
“Insurance carriers are reevaluating their distribution strategies, as long tenured models for aggregation are struggling to produce desired outcomes, causing carriers to either tweak or strikingly redesign their compensation arrangements.” said David Soforenko, Executive Vice President at MarshBerry.
“As agency consolidation continues to escalate, carriers can’t afford to overpay for sub-standard performance from independent firms, regardless if they are aligned with agency partnership or not. Economic realities and market relevance concerns are requiring carriers to reassess and identify the best-in-class agency partnerships that truly align with their immediate and long-term organic growth and underwriting objectives. By extension of its membership, agency partnerships like our MarshBerry Connect Platform continue to deliver and drive sustainable, predictable profitable growth to their Premier Partners and their stakeholders. This tireless focus on organic growth by our membership is the key differentiator of our offering from others.
The Connect Platform continues to build partnerships with emerging insurance providers and technology solutions helping insurance distribution maximize performance and deliver value to their target audiences. “Identifying and supporting leading insurtech resources will improve agency revenues, enhance operation effectiveness, and offer more compelling customer experiences to further solidify the importance of the Independent Agency as the industry’s distribution leaders” said Soforenko.
This recertification of the Connect Platform as one of the top three agency partnerships in the country only further reinforces MarshBerry’s on-going commitment to helping our clients create value for their firms and their carrier partners.
For more information regarding MarshBerry Connect Platform, please email David Soforenko at David.Soforenko@MarshBerry.com or call 440.220.4101.
MarshBerry – Helping Clients Learn, Improve & Realize Value
Founded in 1981, MarshBerry serves the insurance brokerage industry, including insurance agents & brokers, specialty distributors, private equity firms, banks & credit unions and insurance carriers. MarshBerry’s industry-specific services help clients build, enhance and sustain value through: Market Intelligence & Benchmarking, Organic Growth Consulting, Connect – Executive Peer Exchange Network, Connect Platform – Agency Aggregation, Merger & Acquisition Advisory*, Debt & Equity Capital Raising, and Financial Consulting. Learn more at www.MarshBerry.com.
*Investment banking services offered through MarshBerry Capital, Inc., Member FINRA and SIPC, and an affiliate of Marsh, Berry & Co., Inc.