Insurance Agency Management Statistics 2023
– Everything You Need to Know

Last Updated on by | Reviewed by Editorial Staff

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Insurance Agency Management Statistics 2023: Facts about Insurance Agency Management outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Insurance Agency Management, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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Top Insurance Agency Management Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 16 Insurance Agency Management Statistics on this page 🙂

Insurance Agency Management “Latest” Statistics

  • The private flood insurance of Zurich Insurance Group had USD 168,788 direct premiums and a 16% market share in 2021.[1]
  • The private flood insurance of American International Group had USD 156,871 direct premiums and a 14.9% market share in 2021.[1]
  • The private flood insurance of Assurant Inc. had USD 107,151 direct premiums and a 10.2% market share in 2021.[1]
  • The private flood insurance of AXA had USD 71,163 direct premiums and a 6.8% market share in 2021.[1]
  • The private flood insurance of Swiss Re Ltd had USD 60,763 direct premiums and a 5.8% market share in 2021.[1]
  • The private flood insurance of Liberty Mutual had USD 59,941 direct premiums and a 5.7% market share in 2021.[1]
  • The private flood insurance of Berkshire Hathaway Inc. had USD 52,113 direct premiums and a 5% market share in 2021.[1]
  • The private flood insurance of Arch Capital Group Ltd. had USD 48,821 direct premiums and a 4.7% market share in 2021.[1]
  • The private flood insurance of Chubb had USD 44,221 direct premiums and a 4.2% market share in 2021.[1]
  • The private flood insurance of Allstate Corp. had USD 33,664 direct premiums and a 3.2% market share in 2021.[1]
  • In 2017, private flood insurance had USD 470,961 net premiums written with a 69.5% annual change.[1]
  • Data analytics used by businesses are 20% more lucrative than their less analytically oriented counterparts.[2]
  • For instance, if your car insurance recommendation closing rates are 80%, you know the leads are worthwhile for you to follow up on.[2]
  • In Turkey, insurance agencies produced 55% of the premiums in 2017, making independent agency reviews an important topic in the industry.[3]
  • The segmentation technique involves a two-stage evaluation of the agency’s process workflow and data resources.[3]
  • Demonstrating a more typical distribution, 20% of the agencies followed the company’s strategies on their own, while fewer than 10% adopted methods that were more similar to the company.[3]

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Reference

  1. iii – https://www.iii.org/fact-statistic/facts-statistics-flood-insurance
  2. insuredmine – https://www.insuredmine.com/data-points-insurance-agent/
  3. liebertpub – https://www.liebertpub.com/doi/10.1089/big.2020.0049

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