One key stat stuck out to me as reported in LendingTree’s latest earnings call:
Year over year consumers shopping for insurance is up 19%.
While the regulatory bodies and insurers scramble to get rate approved and the people servicing clients deal with everything involved in that, more consumers than ever decided to see what’s out there for them.
Retention strategies play a key part in every business for a good reason, but the agencies that are getting in front of a giant wave of new shoppers are reaping the rewards. They are successfully overcoming the associated challenges and the data supports that.
Can’t wait to see where this momentum takes the industry!
#insurancesupercycle
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5moI'd like to give you a ground hug for posting this Jeff!