A hard market is a term used in the insurance industry to describe a period of time when insurance premiums are generally increasing, and underwriting standards are becoming more stringent. A hard market may be the result of a variety of factors, including increased claims and losses, rising costs for insurance companies, and increased regulation.
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PIIAC Bulletin
How to Build a Strong Budget for Your Agency
Budgeting does not need to be hard, and in this article we are going to do our best to simplify it for you. With a little time and consistency, a budget can be one of the most powerful tools you’ll ever have inside your agency. Let’s break it down!
READ MOREPinnacol Assurance partners with PIIAC and ABEN for Continuing Education Day
In an ever-changing work environment, continuous learning is critical. That’s why Pinnacol is dedicated to providing our agent partners with educational opportunities. Continuing Education (CE) Day is one way we support learning by offering free courses on insurance’s most pressing topics.
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The Impact of Budgeting for your Business
A budget is simply an estimation of income and expenditures for a set period of time. What makes a budget powerful is when it is based on your goals.
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The Impact of Technology on Your Agency’s Value
Technology is changing the insurance industry. In 2021 InsurTech firms raised over $15.4 Billion in funding, completed 566 deals, and 73% of those deals focused on P&C Insurance according to CB Insights.
READ MORE2022 Agency Growth Study
For independent agents, attracting and retaining top talent in today’s competitive hiring market means being intentional about creating a culture of care, inclusivity, and integrity. To explore the intersection of agency culture and DEI and give agents an opportunity to reflect on their efforts, Liberty Mutual and Safeco Insurance revealed findings from the 2022 Agency Growth Study in a new research report: Building Inclusive Insurance Agency Cultures.
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