Mark savant
New Member
- 14
Hi all,
I'm looking to open an Independent agency and I'm working on a solid, long term business model. I've been speaking to a lot of people and doing a lot of research ad I build my model. I need input on a few items.
Firstly, autonomous cars are a major concern of mine. I don't want to build a book, only to have it be worthless as manufacturers provide their own coverage. As an agent, do you feel it is possible to build a book of business on personal home insurance alone? Would it make sense to start a book on home / auto, but shift focus of your business over time?
As we see more autonomous vehicles on the road over the next 20 years, the auto insurance pie is going to shrink. Do you think insurance carriers will still have difficult volume requirements even though their is much less opportunity? As an established agent with a large book of auto, do the volume requirements start to subside?
As a startup, how many direct appointments make sense? Of I have 10 auto carriers, it may be impossible to meet the volume. Is it better to start with just 3-4?
Thanks for input!
I'm looking to open an Independent agency and I'm working on a solid, long term business model. I've been speaking to a lot of people and doing a lot of research ad I build my model. I need input on a few items.
Firstly, autonomous cars are a major concern of mine. I don't want to build a book, only to have it be worthless as manufacturers provide their own coverage. As an agent, do you feel it is possible to build a book of business on personal home insurance alone? Would it make sense to start a book on home / auto, but shift focus of your business over time?
As we see more autonomous vehicles on the road over the next 20 years, the auto insurance pie is going to shrink. Do you think insurance carriers will still have difficult volume requirements even though their is much less opportunity? As an established agent with a large book of auto, do the volume requirements start to subside?
As a startup, how many direct appointments make sense? Of I have 10 auto carriers, it may be impossible to meet the volume. Is it better to start with just 3-4?
Thanks for input!