The news for insurance agents & brokers concerning organic growth continues to be positive: According to the 129 producers who participated in Reagan Consulting Inc.'s most recent Organic Growth & Profitability Survey (OGP Survey), such growth continues to accelerate in 2012.
Through the second quarter, total agency organic growth totaled 5.5 percent—almost twice the organic growth achieved this same time last year. And here's the surprise: Commercial P&C is leading the pack. For the first time since the most recent soft market began in 2004, commercial P&C growth is on track to significantly outpace life & health growth by year's end.
Recent firming in P&C pricing fueled commercial-lines growth, which totaled 6.8 percent through the first two quarters of the year—more than three times the rate of growth at the same point last year (2.2 percent).
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