The division of assets following a divorce is often complex, especially if either party owns a business such as an insurance agency. An accurate valuation is crucial to ensure the equitable distribution of marital assets and avoid further complications. If…
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As the insurance industry diversifies and changes, mergers and acquisitions (M&As) have become a strategic avenue for growth and expansion. However, the path to a successful M&A transaction is fraught with complexities and potential pitfalls. To minimize such dangers, insurance…
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KPIs, or key performance indicators, are objective performance measures that companies can track over time. They are valuable to all industries because they establish benchmarks, provide targets for teams to aim toward, and provide important insights to enhance decision-making across…
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The insurance industry, with its robust growth and enduring relevance, offers a fertile ground for entrepreneurs looking to establish a successful service business. As new risks emerge — from political upheaval to cybersecurity and fraud — business insurance is more…
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The dynamic world of independent insurance agencies offers consistent opportunities to turn a sizable profit by selling your established business. Before that day comes, it is essential to understand insurance agency valuation optimization. In order to achieve a truly satisfying…
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Agencies face myriad challenges, from navigating complex partnerships and acquisitions to evaluating potential investments. Amid the complexities that such situations bring, due diligence reports offer clarity — but what is a due diligence report, and when is it required? Due…
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When estimating what a business is worth, business owners may rely on industry best practices and rules of thumb — for example, calculating its value by subtracting liabilities from assets. However, simplistic calculations do not always paint a complete picture…
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Launching a business involves a great deal of decision-making, and insurance agencies are no different. One of the most critical is settling on the right business structure for the company. Should the company be a partnership, a sole proprietorship, a…
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Every business has a net worth representing the value of its assets and revenue minus its costs and liabilities. Naturally, your insurance agency is also a business, so it too will have a specific value. Performing an insurance agency valuation can effectively…
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Profit margins in the insurance industry are notoriously low. According to statistics, many agencies operate with just 2% to 3% profit margins. Of course, insurance agents know that this is just one part of the picture regarding the value of their agency.…
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