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What mathematical Principal makes insurance work?
The Law of Large Numbers. (Flip a coin 10 times and you might get heads 75% of the time. The more times you flip a coin the more the odds even out)
What mathematical Principal makes joining a Group or Cluster work?
The same law: The Law of Large Numbers!
Agency ownership via a group or cluster enhances your ability to earn more and thrive as an Independent Agency owner:
· Industry’s highest commission overrides
· Industry’s highest Profit share payouts
· Higher conversion ratios
· Higher retention ratios
· Group negotiated rates on common agency industry tools (Comparative rater, E&O, Management system)
· Lower agency operations expense (Accounting and Technology)
· Limited production requirements
Agents rely on the power of a strong group to enhance their ability to earn more every day! The Law of Large numbers has never been so applicable on the Independent agency side.
The Law of Large Numbers. (Flip a coin 10 times and you might get heads 75% of the time. The more times you flip a coin the more the odds even out)
What mathematical Principal makes joining a Group or Cluster work?
The same law: The Law of Large Numbers!
Agency ownership via a group or cluster enhances your ability to earn more and thrive as an Independent Agency owner:
· Industry’s highest commission overrides
· Industry’s highest Profit share payouts
· Higher conversion ratios
· Higher retention ratios
· Group negotiated rates on common agency industry tools (Comparative rater, E&O, Management system)
· Lower agency operations expense (Accounting and Technology)
· Limited production requirements
Agents rely on the power of a strong group to enhance their ability to earn more every day! The Law of Large numbers has never been so applicable on the Independent agency side.
