Navigating the competitive P&C personal lines market The global P&C personal lines market, which historically saw premium growth at 3%, has risen sharply to more than 15% in the last two years. Despite this premium growth, the expense ratio for most insurers remains in the high-cost range of 20 – 30%. The need for operational…
Successful sales go beyond just closing a single deal. It involves building strong, long-lasting relationships with clients that provide mutual benefits over time. Technological solutions like AMSs and CRM software can be valuable tools in this process. These applications help you manage and nurture client relationships effectively, leading to better retention and growth opportunities for both…
Bennett, Bennett & Johnson, a Renaissance member agency and one of the founding members of Agency Partners Inc. (API), has announced it is adopting the Renaissance platform. In October 2023, Renaissance acquired the agency network business of API (a cluster representing $160m in premium among more than 50 member agencies in Alabama and Georgia) to…