PIIB Blog: Latest Industry News & Insights

Does my loss ratio matter for membership with a reliable network?

In order to answer this question, I’d first ask you to put yourself in the existing members’ shoes.  One of the primary reasons any agency joins a network is to maximize or stabilize their agency’s profit-sharing revenue.  The idea is to aggregate the premium of many to better withstand losses that are the nature of this industry.

Read more ...

Should I Join a Cluster or Not?

Whether you’re a producer at an independent agency or a captive/exclusive agency owner considering starting your own independent agency, you’ll without question be faced with the decision of starting completely independent or partnering with a network/cluster.  This article is aimed to identify reasons why you should carefully evaluate both options to determine what is best for you and your future independent agency.

Read more ...