Increasing Work Loads at Insurance Companies Amplifies the Need to Have the Best People on Board
November 3, 2009
The Independent Insurance Agents & Brokers of America released its “2009 Best Practices Study” in October. Notable in the report was that at larger agencies (revenue of over $5 million), the number of employees increased by four people on average. At agencies with revenue under $5 million, the total number of employees remained unchanged, according to the report.
“This year’s study indicates that the Best Practices Agencies, overall, continue to perform well despite facing some challenges in soft market conditions,” Madelyn Flannagan, IIABA’s vice president of agent development, education and research, said in a statement.
Although the number of employees remained steady or slightly increased, work loads at the companies surveyed increased dramatically and top producers are working harder just to maintain accounts.
In an environment in which employees are being asked to do more, it is imperative to have the best talent on board.
Here is a link to the full report.
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