Hey all,
I'm hoping to gain an understanding of Insurance Sales Math.
Specifically, I am hoping to learn the ballpark "value" an agent or agency enjoys with each auto policy, or life policy, or homeowners' policy sold. I want to contrast that against any rule-of-thumb advice that carriers provide as to an allowable cost-per-sale.
Here is the equation I am looking at:
Revenue agent receives per policy - amount of money spent to win that policy = true margin enjoyed by agent/agency.
Who can educate me?
Thanks,
Boyd
I'm hoping to gain an understanding of Insurance Sales Math.
Specifically, I am hoping to learn the ballpark "value" an agent or agency enjoys with each auto policy, or life policy, or homeowners' policy sold. I want to contrast that against any rule-of-thumb advice that carriers provide as to an allowable cost-per-sale.
Here is the equation I am looking at:
Revenue agent receives per policy - amount of money spent to win that policy = true margin enjoyed by agent/agency.
Who can educate me?
Thanks,
Boyd