(wire)
Bank insurance agencies' total return down 10.2%
Bank-owned insurance agencies' saw average total return on prior year value fall 10.2 percent for the period ending June 30, 2009, according to the Bank-Insurance Viability Index.
The report, which is created by the American Bankers Insurance Association and Marsh Berry consulting firm, says that the rate environment combined with tough economic conditions to negatively impact top-line growth and agency value.
According to Marsh Berry consultant Patrick Linnert, approximately 65 percent of the average bank insurance agency's revenue is derived from property casualty protection products, while the rest comes from life and health.
Finally, the report cited management decisions as the deciding factor between the best and worst performers.
The report, which is created by the American Bankers Insurance Association and Marsh Berry consulting firm, says that the rate environment combined with tough economic conditions to negatively impact top-line growth and agency value.
According to Marsh Berry consultant Patrick Linnert, approximately 65 percent of the average bank insurance agency's revenue is derived from property casualty protection products, while the rest comes from life and health.
Finally, the report cited management decisions as the deciding factor between the best and worst performers.
