If I were starting out today after doing my research I'd 100% have my eye toward a p@c career . Medicare and aca have the same principal of renewals as p@c . But the huge difference is Medicare and aca are govt subsidized and regulation is making it more difficult to sell going forward . Not only that commissions are controlled by the govt in many ways since they subsidize it . For instance if Republicans get in Congress they will try to cut aca subsidies. It's a travesty that a 75 yr old can be brought to the us by somebody and never paid 1 penny into taxes and qualify for free aca ins . P@c is free mkt and will be here for decades to come .
P+C or L+H
- Thread starter Jhaaz
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Jhaaz
New Member
- 9
I agree, but finding a P+C MGA/GA that takes brand new agents doesn't seem to exist. Do you know of any?
- 5,013
Heard some agents talk about SIAA. I have no idea if startup only have access to 2mx & 3rd tier carriers. [EXTERNAL LINK] - Start-ups & New Agencies
Also heard some agents startup & sell from home & don't have to deal with servicing clients with Goosehead: [EXTERNAL LINK] - Goosehead Franchise | Goosehead Insurance
P and C is miserable right now, however, both sides have advantages. P and C has much better residual income and it is purchased by a much higher percentage of the public, making it an easier discussion. I have worked both sides. Right now I can't stand P and C and dream about the more limited service work that comes with Life, but I hate to give up all that passive income potential. Underwriting flexibility continues to make life and health much more pleasant than 20 years ago. We are in a very hard P and C market and that is the biggest negative with PC right now. This discussion can go on forever.
- 5,503
I am a California P&C commercial broker. Not only is this the worst I've seen the market in my 12 years, but from talking to other agents, this is probably the worst its been in at least 50 years. I am established and have lots of markets, so it's overall working out to a net benefit to me with the rising premiums, but I can't imagine a worse time to get in, at least in Ca. From what I understand, though, the rest of the country isn't much better, especially NY and FL.
I'd rather be a guy with no arms working a wood chipper than trying to break into the p&c market right now.
I'd rather be a guy with no arms working a wood chipper than trying to break into the p&c market right now.
Paul Schmidt
New Member
- 8
I have been in the Insurance world for over 40 years. I currently am an Independent Agent and Broker in SC. As a new agent I would look at the SIAA group, www.siaa.com and I know they are in your area. This group is the largest group in the country and I have been with them for over 20 years. With access to over 30 of the top national and regional insurance companies providing top-level commissions, national and local incentives, and profit-sharing without minimums, agencies associated with SIAA are consistently growing their premiums and agency value. They have plenty of training if you want it. Take a look at their website and see if it is a fit for you.. Let me know if you want any information, just email me...
- 5,503
Hey Paul, how is the market these days in SC?
Paul Schmidt
New Member
- 8
For those out their that say this is a hard market, they are correct, however that just means your income is higher. You see EVERYONE needs Auto and Home and Umbrella insurance and some places need Flood insurance and that is only on the personal side.. Commerical insurance is a must for people who own their business. Get with a group like Siaa.com and you won't have such a hard time. I use to write 70K month in premiums and now 120K average per month with less clients interactions. Premiums are going up and what does that mean people...More money in your pockets..
Paul Schmidt
New Member
- 8
I strongly recommend www.siaa.com over goosehead... More companies, better commission and bonuses and you own the business..
