A new study by Reagan & Assocs. finds that only 56% of producer hires in the insurance distribution system in the past five years are successful.
In a baseline survey of 562 agents and brokers, the survey determined that while success rates were significantly more successful for top-performing firms (84%), most agencies and brokerages are still struggling with hiring, typically identifying it as the biggest challenge they face in their businesses overall.
While the overall success rate was 56%, employee benefits success rate was 53%, commercial lines success rate was 56%, and personal lines success rate was 59%.
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