Recent Happenings in the Insurance Industry (Part 1)
In today’s episode, George and Charlotte discuss some of the acquisitions that have happened in the last few weeks and what that means for independent insurance agents.
#020 – In today’s episode, George and Charlotte discuss some of the acquisitions that have happened in the last few weeks and what that means for independent insurance agents.
In 2020, agency merger and acquisitions were up a whopping 20%. And there’s been plenty of activity in other areas of the industry as well.
We dive into Applied Systems’ acquisition of EZLynx, Zywave’s acquisition of ITC, American Family’s acquisition of Bold Penguin, and Brown & Brown’s acquisition of CoverHound.
Indio Technologies was acquired last year by Applied. We interviewed Ken Wohl of Indio on Episode 3 of our podcast.
Also, we explore potential acquisitions for agency owners, including some industries you may not have thought of as potential targets.
Data. It’s been in our agencies all along. We just haven’t been able to see it in a way that’s helpful.
Seth Zaremba, founder of batomic and creator of neon, isn’t just helping agents with data analytics. He’s changing the way we do business and making it better for the consumer, more profitable for the agent, and bringing more value to carrier relationships.
Recently, two 911 calls highlighted a common problem –- we don’t always communicate clearly, even when we’re speaking the same language.