Search is you friend. (I hated it when people used to do that to me
Seriously though, there's thread with a link in it somewhere here that was written by a gent who had a "Scratch Agency" with one of those Captive Groups. I don't remember which group it was... State Farm, Allstate..they all seem the same to me. I remember reading it. It wasn't very pleasant. They always seem to hose him for some kind of penny-ante crap. It may be in the P&C Section.
In terms of modeling w/Excel, I do a ton of that. Build my own client Dashboards ..etc. But you have to know what you're modeling first. As I'm sure you know your output is only as good as your input.
I would suggest going to interview w/some local Captives and IA's. Offer to take them to lunch. Who knows, you're likely to get an offer from one who's seeking a green up-and-comer.
Originally Posted by jamesbrian1
My apologies upfront if this is an amateur question and/or the wrong forum to post, but this is my first post and thought I would give this forum a try.
I am in the early days of exploring the insurance agent opportunity. I've done cursory research on the captive side (Allstate, State Farm) and franchise model (Brightway). I would be interested if anyone can point me to some good threads here that discuss the pros/cons of either of these, the opportunity and business model?
Also, does anyone know of a good Excel model to independently model the insurance agent business opportunity - I am looking for something reliable to plot out the costs, revenue build-up, etc.
Many thanks in advance!