Why You Should Perform a Book of Business Review
One crucial aspect that insurance agencies should prioritize is performing a comprehensive book of business review. The data in your agency management system is full of valuable information that can help you protect your revenue and grow your agency. Having accurate and up-to-date information in your agency management system gives you insight into the makeup of your book. Let us explore the significance of some reports and why reviewing them is essential for your successful operations. ReportsWhy ReviewCarrier appetiteWhen you use a SIC code or NAICS code, you can easily pull reports on type of business written by carrier.Provides insights on carrier appetite and competitivenessAssist when…