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Why Insurance Agencies at Crossroad Are Turning to Aggregators: Viewpoint

August 27, 2018

Even as they look back on several years of steady growth and success, many owners of independent insurance agencies now find themselves at a crossroad where they are pressed to make critical strategic decisions about the future of their firms.

Ongoing consolidation, intensifying competition from direct writers, large brokerages aggressively pursuing middle market accounts as well as their experienced producers, and the imperative to invest in new technology are among the developments that have created an increasingly challenging landscape for independent agencies.

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