|By PR Newswire||
|January 2, 2014 02:55 PM EST||
WILLOUGHBY, Ohio, Jan. 2, 2014 /PRNewswire/ -- MarshBerry has released its 28th Annual Market & Financial Outlook Report. Results from the 2013 survey compiled anonymous general independent agency information, financial, market, carrier and technology data, along with MarshBerry's proprietary financial management system Perspectives for High Performance ("PHP") data.
The complete report, available for $199, enables independent insurance agencies to highlight key agent and broker performance trends from 2007–2014 with results segmented by revenue size and region.
According to Tommy McDonald, Vice President at MarshBerry, "The data shows that 2012 and 2013 brought a much needed lift to the insurance distribution space creating optimism within the industry. With dismal total commission growth over the past five years, Property & Casualty (P&C) estimated growth rates in 2012 and 2013 are over 8% with continued growth forecasted into 2014. Survey results credit workers compensation, commercial property and homeowners' insurance rates as the key drivers of P&C growth. Over 90% of survey respondents also felt that the economy will remain flat or will improve in 2014. Our premium rate forecast echoes the industry's expectation with anticipated growth averaging 5%, providing controllable market lift for many agencies and brokers."
The five core chapters offer a market overview and outlook. Charts in each section provide information on:
- External Environment Perspectives
- Carrier Relationships
- Growth and Profit Perspectives: By Revenue Size and By Region
- Total Commission Income - Overall, Organic and New Business Growth Rates (Property & Casualty, Life & Health, Fee Income)
- Non-Commission Income (Contingents, Overrides, Investments);
- Growth Strategy
- Operational Perspectives
- Expense Management
- Information Technology/ Technology Investment
- Human Capital
How to Purchase:
- Cost is $199 for the full report which is available in PDF only.
- Log on to http://info.marshberry.com/marketfinancialoutlook and follow the instructions provided.
Founded in 1981, MarshBerry is a merger & acquisition advisory and consulting firm to the insurance distribution system. Ranked #1 by SNL Financial for each of the past 14 years in terms of number of M&A transactions, MarshBerry's primary objective is to help insurance distributors maximize their value through our industry-specific services that include: merger and acquisition advisory*, financial consulting, valuations, performance benchmarking, peer-to-peer exchange networks, organic growth consulting and producer recruiting. Visit www.marshberry.com to learn more.
*Securities offered through MarshBerry Capital, Inc., Member FINRA and SIPC, and an affiliate of Marsh, Berry & Company, Inc., 4420 Sherwin Road, Willoughby, OH 44094 800.426.2774
Lauren Byers, Director – Marketing, MarshBerry
Direct Phone: 440.392.6546