Curious how your firm stacks up against its peers? The Council’s 2024 Brokerage Operations Benchmarking Report is now available!
Thank you to the Council member firms who participated in our first-ever Brokerage Operations Benchmarking Survey. Your feedback established a solid baseline for organizational growth, structure and operational challenges across our industry.
If you’d like your firm’s perspectives included in our 2025 report, fill out this form and we’ll contact you when the next survey launches. Here’s some key highlights from the 2024 Report:
- 48% of responding firms indicated an organic growth rate between 8% and 14% in 2023.
- Their current P&C and EB renewal commissions cluster between 25% and 34% of written premium.
- 61% of their employee turnover was voluntary.
Download the report or review top-line results on Leader’s Edge.
Out Now: January/February Issue of Leader’s Edge
- Youth in Crisis
The crisis in youth mental health is an epidemic that has followed the COVID-19 pandemic, some healthcare professionals say. Addressing the crisis demands involvement by insurers, employers, primary care providers, schools, and even app developers.
- Examining Loss Estimates
The insurance industry has yet to truly grapple with loss creep, which is how property loss estimates can skyrocket by billions of dollars in the months after a natural catastrophe. Complicating factors such as climate change make modeling certain risks more challenging, but reassessing the data used and increasing transparency between insurers and reinsurers can help improve loss estimates.
- Can ICHRAs Bridge the Healthcare Political Divide?
Amid their never-ending battle over the existence and terms of the Affordable Care Act, Democrats and Republicans can seemingly at least agree on the value of individual coverage health reimbursement arrangements (ICHRAs). But that’s just one aspect of the latest iteration of the ACA battle as Donald Trump returns to the White House.
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