Personal lines business accelerated itsgrowth rate for the third consecutive year to 3.9%, "which… is thefastest growth rate recorded for personal lines in the 11-yearhistory of the OGP survey," Kevin Stipe of Reagan Consulting saidin a press release. (Photo: iStock)
Independent agents and brokers have a lot to look forward to in2019. After closing the books on their best year since2014, Reagan Consulting's Organic Growth and Profitability(OGP) survey for the fourth quarter of 2018 shows "a convergence ofimpressive upward trends in each major line of business," KevinStipe, president of the firm, said in a press release.
OGP participants generated organic growth of 6.1% in 2018,surpassing the projected organic growth rate of 5% for the year.Growth was driven by continued increases in U.S. GDP and commercial pricing.For 2019, OGP participants are forecasting growth of 7%, whichwould be the highest growth rate since Reagan Consulting began itsquarterly OGP survey in 2008.
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Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
