In this week's Big I Buzz, we provide links to the 2024 Q1 P-C Report, available now. Plus, a look at what agency staff like most about their jobs.

2024 Q1 WI P-C Marketplace Report

The 2024 Q1 Wisconsin P-C Insurance Marketplace Report is now available! Quarterly property and casualty data reveals trends during the current year to give our members a more “real time” sense of the Wisconsin insurance marketplace. Our 2024 Q1 report gives you a deep dive into the insurer industry for the state of Wisconsin from an independent agent’s point of view.

Access to the Quarterly Report is FREE for IIAW members. The report is available for non-members to purchase for $249. Access the report here.

What Agency Staff Like Most About Their Jobs

Vertafore recently released its 2024 workforce survey, which provides insights into the experiences of independent agency producers, owners, account managers and customer service representatives. The report found that the majority of professionals remain passionate about the industry and helping the people they serve. 75% of those surveyed said their favorite thing about working in insurance is helping clients protect what matters. Additionally, 60% said that the current hard market conditions are causing difficult conversations with clients, with 70% noting difficulty placing risk. Nearly 1 in 3 respondents said that their agency has added new tools and technology solutions in response to the hard market. Over 60% agreed that software solutions are key to dealing with such difficulties. Read more 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.