Compensation packages for experienced multiline producers atinsurance agencies average more than $100,000, according to a newsurvey.

And the study also found that agencies have changed compensationpackages and their recruitment and training strategies to reflect atrend toward staff-driven, organic growth to expand theiroperations.

These were some of the results of a survey published by BusinessManagement Group Inc. (BMG) in its “2006-2007 Owner, Executive andProducer Compensation Survey.”

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.