Today’s insurance technology — from commercial raters for single-entry quoting and digital submissions applications to appetite search and more — allows agencies to integrate the commercial quoting process directly into their agency management system. (Credit: yutthana/Adobe Stock)

The small-to-medium commercial insurance space grew steadily over the past several years.

Global commercial property and casualty lines have seen strong financial performance since 2018, according to a 2023 McKinsey report, with premiums growing at an annual rate of 6% to 8%. Many factors have played a role in this growth, including hard market conditions, carriers pulling out of states like Florida and California, and increasing demand for specialized insurance coverage to manage unique risks.

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