Hard Market Boosts Value Of MGAs

Anyone working in any segment of the insurance industry thesedays knows that the market has hardened and is expected to only getharder, at least for the foreseeable future. Now, more than ever,options and alternatives are vital for obtaining the coverage acustomer needs, at terms he can manage.

These are the times when the value of the independent agencysystem stands out. Those who are locked into an inflexible marketarrangement with a single source of coverage are at a significantdisadvantage. Those who can take advantage of the creativeresources and broad array of outlets in the independent agencysystem have a significant advantage when markets harden.

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