MarshBerry Launches Comprehensive Survey for Insurance Agents & Brokers

Woodmere, OH,  – MarshBerry Launches Comprehensive Compensation Study for Insurance Agents & Brokers

MarshBerry, a global M&A advisory firm for insurance brokers and wealth management firms, is proud to announce the launch of an exclusive Compensation Study tailored exclusively for retail insurance agents and brokers. MarshBerry has collected compensation data for this proprietary report for more than a decade, which provides in-depth insights into the compensation landscape along with unparalleled understanding and knowledge of remuneration structures.

By gathering comprehensive data, the survey and resulting report offers:

• Industry Insight: Specific and nuanced understanding of prevailing compensation structures and practices within the insurance sector.
• Benchmarking: Trends and benchmarks for various levels of producer and service roles among insurance agents and brokers.
• Compensation Structures: Insights and recommendations on how to competitively align compensation packages with industry standards.

According to John Wepler, MarshBerry Chairman & CEO, “Producer compensation and productivity are some of the most significant levers within an organization’s growth strategy. This study provides leading indicator data to help firms hone their compensation plans to accelerate growth. MarshBerry has gathered data in this area for more than ten years, which ensures the trends and perspectives reflect the expertise and opportunities to help brokerages differentiate themselves and stay relevant in this dynamic industry.”

Participation in this survey is pivotal in shaping the future of compensation within the insurance industry. All data provided is kept strictly confidential, aggregated, and used for research and industry report purposes. Participants receive a complimentary summarized report outlining key findings and insights derived from the survey.

The survey is open January 16 – March 1, 2024. Insurance agents and brokers interested in participating can complete the survey here.

MarshBerry – Helping Clients Learn, Improve & Realize Value

Founded in 1981, MarshBerry is a global leader in financial advisory and consulting services serving the insurance brokerage and wealth management industries to help clients grow and advance their business strategies. With locations across North America and Europe, MarshBerry market sector expertise includes property and casualty agents & brokers, employee benefit firms and specialty distributors, partners in insurtech, capital markets, and insurance carriers, as well as registered investment advisors, retirement planning and life insurance firms. Clients choose MarshBerry as their trusted advisor for every stage of ownership to help them build, enhance and sustain value through Financial Advisory solutions (Investment Banking; Merger & Acquisition Advisory, Debt & Capital Raising, Business Consulting), Growth Advisory solutions (Organic Growth, Aggregation, Leadership, Sales & Talent Solutions) and Market Intelligence and Performance Benchmarking. Learn more at www.MarshBerry.com.

Investment banking services in the USA offered through MarshBerry Capital, LLC, Member FINRA and SIPC, and an affiliate of Marsh, Berry & Company, LLC, 28601 Chagrin Blvd, Suite 400, Woodmere, OH 44122 (440) 354-3230.