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A&B growth rates are down, but here's why that's actually good news

Third quarter growth rates for independent insurers and brokers are below what was forecast earlier this year, but that hasnt dampened the mood for most industry professionals.

By Joseph Jaafari | Updated on November 17, 2014
Despite lower than expected growth, brokers are still holding out for improvements in fourth quarter results.

Third quarter growth rates for independent insurers and brokers are below what was forecast earlier this year, but that hasn’t stopped industry professionals from anticipating continued growth by the end of the fiscal year.

The median organic growth of insurance agents and brokers was at 6%, down 0.8% from last year’s quarter-three ending numbers, but up 0.2% from last quarter, according to the Reagan Consulting Organic Growth and Profitability (OGP) survey.

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