The future of the insurance industry is strong, according to a new Vertafore survey, "How Independent P&C Insurance Agencies are Thriving in Today's Competitive Marketplace."

But that outlook comes with some caveats.

While agencies of all sizes cited some degree of optimism for their future prospects, 70% of large agencies cited being "very optimistic" about future business growth, but only 25% of small agencies shared the sentiment.

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