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PIA’s Growth & Profitability Tool for Agencies

PIA has released a new “members only” benefit that will help you track and project personal lines business growth and profitability on a five-year basis...
February 27, 2013

PIA has released a new “members only” benefit that will help you track and project personal lines business growth and profitability on a five-year basis. The new tool, titled “Closing the Gap – Growth and Profit” is a product from the PIA Partnership and is available to PIA members at http://agency-growth-profit.com.

You can create various scenarios based on retention, premium rates, account rounding and sales goals for auto and homeowners products, and the calculator will provide profitability projections. This is a great management tool for all agencies that prefer to pro-actively plan for their future rather than simply hope their agency will produce a profit.

The PIA Partnership, originally established as the Company Council of Executive Officers (CCEO) in 1996, is a group of insurance companies that work closely with PIA National to conduct research and develop tools and resources designed to benefit professional independent insurance agents.