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Independent agencies say business is good, but there’s room for growth

Eighty percent of independent agency owners surveyed said their agency is already utilizing relationships with outside providers to meet their goals.

Three women speak to each other in an office as they work. When it comes to the overall current state of business, 88% of agency owners surveyed described it as “good” or “excellent,” but that doesn’t mean they haven’t encountered challenges. (Credit: Zoran Pucarevic/Shutterstock.com)

The ability to form close personal relationships with clients and to provide a higher level of customer engagement are the top reasons independent agencies believe they are able to outpace larger competitors, according to an independent agency owners survey from Keystone Agency Partners (KAP) and The Harris Poll. The survey displays the importance of these aspects to customers, as the majority of owners polled (52%) said their independent agency always/often wins business against national brokerages, and only 8% said they always/often lose the business.

The survey also asked independent agency owners what they feel are the most important developments agencies can make to keep up with large carriers. Here is what they claim is the most beneficial:

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Brittney Meredith-Miller

Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected]

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