Smart Choice wraps up January with rapid growth

Smart Choice wraps up January with rapid growth | Insurance Business

Smart Choice wraps up January with rapid growth
Following a sterling performance in the past year, insurance network Smart Choice has reported numbers that reflect rapid growth as it started 2017.

The company announced that it added over 100 agency partners and realized more than 20% growth in gross commissions in the first month of the year.

“This kind of growth is both rewarding and challenging,” said Andrew Caldwell, Smart Choice president, in a company statement.

“This year we expect to partner with 1,200 additional agencies and experience 20% growth in revenues. We’re also committed to continuing to deliver superior service to both new and existing agency and carrier partners – which will see our home office grow in new ways.”

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According to the firm, the rapid growth is a carryover from its 2016 performance, which was the result of aggressive expansion activities. In 2016, the company’s revenues grew 17% on the back of the addition of 1,100 new agencies to its roster of partners.

The statement also said that the company has been on a growth track since 2014, largely due to gains in its Smart Start programs.

Smart Choice provides a diverse range of products and support services to partner agencies, including access to personal, commercial and life markets. Its portfolio also includes instruments geared towards the enterprise market.

Currently, the network serves 5,700 agents in 43 states supported by 85 nationwide and local carriers. Among the benefits it offers is the waiver of production requirements and fees for agent partners.

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