Secured Advantage Podcast

The independent insurance industry today is tougher to manage and the opportunities seem thinner.

Finding profitability can be a real battle…BUT winning is still possible.

As carriers continually adjust their programs to reflect the mandates they have to find profitability for themselves, Secured Advantage is helping the agent adjust and overcome the challenges these changes present.

Large agencies and small agencies, and every size in between, are feeling a win with us. Let me give you a few examples. (And if you'd like to be introduced to them, just hit reply and ask.)

Agency #1A solid independent agency with a few different markets. One of those carriers was a Core Carrier of Secured Advantage.

As the profit sharing premium threshold continued to go up over the years, their book remained relatively level. Eventually it was no longer eligible, but maintained an exception historical loss ratio.

The agency’s profitability suffered when the profit sharing was lost, but as a member of our network, they are in a better position. Their $200,000 book produced an $8,000 profit sharing check!

Agency #2A good sized agency with multiple carriers and no real risk of falling out of eligibility from profit sharing with any of their agency’s core carriers.

One of those books, at one of the core carriers with Secured Advantage, was over $1,000,000 and their profit sharing check increased by almost 20% compared to what they would have been paid on their own.

Agency #3The next agency has 2 common core carriers with Secured Advantage. Both of these books are profit sharing eligible on their own, but the agency understands the value that comes from being affiliated with a network like Secured Advantage.

Their profit sharing increased between 30-40% on both books.

It would be easy to think of these examples as isolated incidences, but we have more than 60 members and most of them have a similar story with one or more of our core carriers.

What would you do if you could increase your profit sharing checks by 20% or 30%?

What kind of impact would that have on your profitability?

Let us know if you would like to speak with any of our members. All of them have volunteered to share their story and help explain why they remain a member of our network at Secured Advantage.