Many banks have succeeded in the insurance brokerage business, but others have not. Despite their similar objectives of increased noninterest income and improved customer relationships, the results achieved by banks have been mixed.
Reagan Consulting has been a thought leader in bank-insurance for more than 20 years. Over that time, we have assisted more than 150 banks in developing and executing insurance strategies and have advised on approximately 100 bank-agency acquisitions. Our focus is helping banks address the three things you must do to succeed in insurance:
- Clarify your financial and strategic objectives for selling insurance;
- Navigate a complex and highly-competitive agency acquisition marketplace (buy-side advisory); and
- Manage the agency for long-term growth and success.
As indicated by our track record of advising the leading banks in insurance, our consultants are highly experienced in the nuances of bank-insurance and we understand what it takes for banks to succeed in this business.
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