Insurance Agency Consolidation and the Impact to Insurance Agency Networks
January 24 | 3:30 – 4:30 PM
Insurance agency mergers and acquisitions continue at a very high level. Networks are not immune to this activity and have experienced the departure of members and related premium from their groups. Understanding the past and the outlook of future M&A activity, including the potential impact of a rising interest rate environment and record high inflation, will be important for any Network to anticipate potential activity for their members. Join Mike Strakhov, CPCU and Matt Richter from Live Oak Bank as they provide their perspective on the current and future insurance distribution consolidation landscape.
This presentation will:
- Provide an update on M&A activity for the year, and projections for 2023
- Identify the main players
- Review the impact of inflation and interest rates on agency valuations
- Explore opportunities for networks to improve management of members looking to buy or sell and protecting their book of business