Hard Market Boosts Value Of MGAs
Anyone working in any segment of the insurance industry these days knows that the market has hardened and is expected to only get harder, at least for the foreseeable future. Now, more than ever, options and alternatives are vital for obtaining the coverage a customer needs, at terms he can manage.
These are the times when the value of the independent agency system stands out. Those who are locked into an inflexible market arrangement with a single source of coverage are at a significant disadvantage. Those who can take advantage of the creative resources and broad array of outlets in the independent agency system have a significant advantage when markets harden.
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