The insurance agency and brokerage system is stable, but challenges remain, notably for insurers in New York, according to Richard Poppa, president and CEO of the Independent Insurance Agents & Brokers of New York who presented on a panel at the fourth annual SNL Insurance Brokerage Summit today.
More than 20 executives, advisers and investors in the insurance brokerage industry shared their insights on strategic planning, growth and mergers and acquisitions at the one-day conference produced by the SNL Center for Financial Education. Poppa outlined the size and composition of the independent agency system and the significant report that there has been as many agencies formed in the last two years as have been merged or consolidated. The panel that Poppa participated on also discussed the direction of agency consolidations, prospects for organic agency and brokerage growth, as well as the industry’s current soft market and forecasts for change.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access