Instant Insights / The Business of Insurance

What's happening in insurance today? From market changes and M&A activity to new coverages, the insurance industry is ever-evolving. To stay up-to-date on the business, these articles, which are updated regularly, will help insurance professionals maintain a competitive edge.

Research

The state of commercial agents in an age of consolidation and innovation

Here's a look at commercial lines producers' production numbers and what they say about the producer of today.

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Here are some interesting facts and data around commercial lines agents in 2020. (Photo: Shutterstock)

As the robust agency consolidation wave continues, the total number of agencies is dropping, and those that remain are getting larger — in some cases, much, much larger. As an agency grows, through acquisition or organically, producers typically see their production increase, while their average payout ratio falls.

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