The Keys to Success for Independent Insurance Agents in 2023 and Beyond
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How a Hard Market Can Impact Your Agency’s Profitability
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.
READ MOREPIIAC Members Now Eligible to Earn 100% Commissions on Business Written with Pinnacol Assurance Through PIIAC
Beginning February 1, 2023, PIIAC agency members who access Pinnacol through PIIAC will receive 100% of the commission on the Pinnacol business they write through PIIAC.
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PIIAC Has a Lot to Look Forward to in 2023
We are seeing a changing landscape and continually seeing changes that are impacting the way our member agencies do business. We continue to evaluate our offerings and resources that PIIAC provides and will continually add new resources and benefits for the betterment of our members.
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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.
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