insurance agency accounting Archives - Agency Brokerage Consultants

Insurance Agency Financial Models

Michael Mensch2022-09-29T09:59:27-04:00October 3rd, 2014|

A key to running a profitable insurance agency is understanding your target financial model, i.e. how you allocate your revenue to various expense items. If you were not aware, every business does have a financial model. There are resources available [...]

Accounting Best Practices for Property and Casualty Insurance Agencies

Michael Mensch2022-01-18T13:30:47-05:00September 13th, 2013|

After reviewing hundreds of financial statements of property and casualty (P&C) insurance agencies, we have found that accountants often do not understand how agencies operate, which can lead to misleading and often inaccurate accounting practices. One of the primary purposes [...]