P & C Close Ratios????
- Thread starter stockgp
- Start date
- Thread starter
- #4
I am checking out an offer that claims a very high, imo, close ratio. I am just trying to see if this is legit. I would like to verify that this is possible because this is, by far, the highest that I have ever heard of.
I would like to hear both personal lines and commercial if people are willing to share it. This is primarily for my own personal inquiry.
I would like to hear both personal lines and commercial if people are willing to share it. This is primarily for my own personal inquiry.
- 1,076
The only way to have a really high closing ratio is to work only off of referrals and not aggressively market new business. At that point the question is if you would rather close 80% of 25 quotes for 20% of 200 quotes per year. It is a lot harder but you still end up ahead. Even if you have a awesome niche product you will only close 50-60% because the incumbent can usually create enough doubt to keep the business half the time. If somebody tells you they are closing well above 50%... they are either lying or they work off of referral business. Avg agency retention is near 90%... it takes a lot to move an account that the incumbent actually wants to retain.
G
Guest
Guest
it depends on how many companies you have and how you have them spread out,, such as auto, home, mobile homes, etc,
Some companies only write home, so you dont have the auto/home discount etc.
We close about 80%
Some companies only write home, so you dont have the auto/home discount etc.
We close about 80%
Similar threads
