Happy Wednesday! In this week's Big I Buzz, we are sharing 7 findings from the 2022 Agency Universe Study and a great reminder for your clients during Cybersecurity Awareness Month. 

7 Findings From the 2022 Agency Universe Study

Independent Agent Magazine has released 7 findings from the 2022 Agency Universe Study. Here are those key findings: 

1. The number of independent agencies has increased. 

2. Business conditions continue to be generally favorable. 

3. Technology has become a crucial part of operations and customer service. 

4. Principal aging remains stable. 

5. Finding qualified staff and marketing continue to be key agency challenges.

6. Emerging purchase channels' impact on personal lines remains a concern. 

7. Inclusion gains some ground. 

Read more details about each of these takeaways at iamagazine.com

Celebrating Cybersecurity Awareness Month

According to Coalition's 2022 Cyber Claims report, the average cost of a cyber claim for a small business owner during the first half of 2022 was $139,000, 58 times higher than the first half of 2022. Now is the perfect time to remind your customers about the importance of cybersecurity and cyber liability coverage. Trusted Choice has created a variety of creative marketing campaigns to help both businesses and individuals understand the importance of cyber safety and how insurance can help protect them. Access the marketing campaigns here. 

For more news, check out the Action News section of our weekly e-newsletter, Big I Buzz. If you aren’t subscribed, click here to add your email to our emailing list. Additionally, we send out monthly newsletters with content curated just for you and your role. Make sure you're on the list to receive our communications by heading to bit.ly/industrynewsforyou to stay in the loop!