Bringing a new insurance program to market is an exciting time for the program’s agency and staff, as well as their carrier partner.
Policyholders will benefit from the financial strength and broad range of resources that a new carrier brings to the agency’s book of valued business. The potential exists to expand this book of business to new accounts, while also substantially improving loss ratios and, thereby, profitability.
The first three articles of this educational series on dedicated insurance programs reviewed, in detail, assembly of the program submission, identification of a carrier partner, due diligence by the carrier, financial modeling and negotiations.
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