Understanding the worth of an insurance brokerage is a challenge for many business owners in the insurance industry. As the market continues to change and pressures related to consolidation and digital transformation intensify however, a business valuation can help insurance brokers determine a course for the future — whether that means growth or sale of the brokerage.
This article explains why obtaining a valuation is important for insurance brokers, including:
- Four key valuation factors used to calculate the worth of an insurance brokerage
- What a potential buyer or investor may be looking for
- How to get started on the business valuation process
Read the other articles in our Know Your Worth series: