Big 'I' Report: Independent Agency Channel Placed 62% of Premiums in 2023
The independent agents placed more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents& Brokers of America. Total P/C direct written premiums reached $952 billion in 2023, up from $861 billion in 2022. "Despite the significant challenges posed by the hard market, independent agencies' market share…
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