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 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 MOREPIIAC DISTRIBUTES $1 MILLION IN MARKET ACCESS PROFIT SHARING
Professional Independent Insurance Agents of Colorado (PIIAC) has distributed $1,000,000 in market access profit sharing to PIIAC agency members who access markets through PIIAC and ASC (Agents Service Corporation).
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