News - Insur Banc

InsurBanc Discusses the Current State of the Industry

May 23, 2023

InsurBanc’s Chief Lending Officer, Robert Pettinicchi recently contributed an article to Insurance Journal where he shared four industry observations and four action items every insurance agency principal should take. How has the merger and acquisition environment changed and what impact will rising interest rates have on valuations? Read the article as Bob describes his insight on the industry and the best steps agency owners should take today. Click here to read more.

InsurBanc Partners With IIABA’s Best Practices

May 23, 2023

As a Best Practices research sponsor, InsurBanc is excited to share the Best Practices for Agency Operations 2017 webinar series hosted by IIABA and Regan Consulting. In this 7-part series of 15 minute webinars, Best Practices research will give agencies and the industry key benchmarks and operational information for growth, profitability, productivity and financial stability. Registration and session descriptions are available for this free webinar series by clicking here.

What’s Ahead for Agency M&A Activity?

May 23, 2023

InsurBanc’s President and CEO, David Tralka recently sat down with Insurance Journal to discuss the future of the M&A market. In recent years, the number of announced transactions has been record setting. What does this mean for 2017? Listen to this podcast as Dave shares his insight on future trends for M&A activity in 2017 and the factors that will impact the market. For those agency owners looking to sell, Dave offers advice on ways to leverage your agency and positively impact your agency’s value. Click here to listen to the full interview.

Buyer Beware: Agencies Warned About Growing Too Fast

May 23, 2023

InsurBanc’s Executive Vice President and Chief Lending Officer, Robert Pettinicchi was recently interviewed by Insurance Business America where he shared his thoughts on agency growth. The goal of any agency owner is to build a successful agency. But are you growing effectively? In this interview, Robert shares how agency principals should think when growing a successful agency verses the mistakes often made. If you are interested in reading more, click here.

InsurBanc Shares Insight on Cash Management

May 23, 2023

InsurBanc has recently published another article with Property Casualty 360. The article, 3 Keys to Effective Cash Management for your Insurance Agency, authored by InsurBanc’s Vice President and Business Development Officer, Patricia Smith, provides insight into the importance of a comprehensive and unique cash management plan for independent insurance agencies. Patricia expands on some of the essential tools needed for an effective cash management plan. Interested in learning more? Click here to read the full article.

What’s Next for Your Agency Perpetuation Plan

May 23, 2023

With every day that passes, you are getting closer to retirement. Have you given thought to what will happen to your agency? InsurBanc’s Vice President and Commercial Loan Officer, Keith Mangini recently shared some insight in Insurance Journal’s article, What’s Next for Your Agency Perpetuation Plan. It’s essential to realize that a well-crafted perpetuation plan can not only impact your retirement, but also your agency’s value. In this article, Keith explains the necessary steps agency principals should take now in order to maximize the agency’s value for the future. Read the full article by clicking here.

InsurBanc Discusses the Impact of Technology

May 23, 2023

In a recent article published by Rough Notes magazine, InsurBanc’s Chief Lending Officer, Robert Pettinicchi discusses the impact technology has on the value of an independent agency. Bob explains how agencies that utilize technology and train those to use that technology effectively will create a more valuable agency. When agencies invest in technology they become more profitable, which consequently increases their value. Click here to learn more about the effects of technology investment.

InsurBanc Discusses Key Components of Agency Acquisitions and Perpetuations

May 23, 2023

David Tralka was recently interviewed by Agencies Online discussing agency acquisitions and perpetuations. In case you missed it, you still have the opportunity to learn valuable information. In this webinar, InsurBanc’s President and CEO, David Tralka, shares insight into the current M&A market. Dave discusses the key considerations of financially planning and preparing for succession, tools to maximize agency value and ways to access capital for growth. Check out the webinar here. If you are interested in learning more, contact InsurBanc at 1-866-467-2262.

3 Questions Agents Ask Their Lenders

May 23, 2023

InsurBanc’s Chief Lending Officer, Robert Pettinicchi recently discussed his opinions on interest rates and agency valuations in Property Casualty 360’s article, “3 Questions Agents Ask Their Lenders.” In this article, Robert shares what he expects of interest rates in 2016, the current state of agency valuations, and the factors to consider when valuing your agency. To read more, Click here.

Strategies for Growing Your Agency

May 23, 2023

InsurBanc’s President and CEO, David Tralka was recently interviewed for Property Casualty 360’s article, “5 Key Strategies for Growing Your Agency.” In this article, Dave discusses how planning for perpetuation can be thought of as a growth strategy. An internal perpetuation plan can engage key employees to start thinking like owners and think about the future of the agency. Click here to read the article and learn how your agency can stand out from the competition through perpetuation.

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