InsureZone Acquires MSI Group, Adds Agencies to New Direct Program
InsureZone continues to bolster its InsureZone Direct Agent Program with the acquisition of one of the fastest growing network/cluster groups in the country, Denver-based MSI Group, with agencies in 20 states. The purchase adds 63 agencies to InsureZone’s network/cluster program and gives the company a stable base from which to grow its Industry leading Direct Agency offering around the U.S. “We are very proud to have MSI Group as part of the InsureZone family,” says John Pergande, CEO. “Chad Farmer and Greg Holt have built a terrific company, and we believe that when combined with the services and technology InsureZone has to offer, we are confident Agents will see that the InsureZone Direct offering is second to none.”
InsureZone Direct is bringing a world-class technology platform to independent agents that are looking to build larger and more profitable agencies. The agency partners of InsureZone Direct will have access to over 50 carriers and the most efficient sales and service platform in the insurance industry. This platform includes real-time rating for personal and commercial lines, a web-based client management and policy servicing system, integrated email and phones as well as the ability to add CSR services whenever needed. This combination of carriers, technology, service and the most agency-friendly contract in the industry, will make owning and growing an independent agency easier and more efficient than ever before.
The InsureZone Direct model will be expanded to other states by adding Zone Managers that have ownership rights in defined geographic areas. The Zone Manager opportunity is designed for larger independent agencies that have been looking to grow significantly but have been constrained by the investment required to acquire agencies or build out the needed infrastructure. InsureZone Direct provides the tools a Zone Manager needs to build a substantial book of business by growing a group of agencies in their Zone, with a much lower financial commitment. “The insurance Industry has changed radically over the last 36 months,” says Greg Holt, co-owner of MSI. “We are seeing smaller agencies and agents that are new to the independent agency system, unable to partner with a sufficient number of carriers to be effective in the marketplace. As a result they are either selling to larger brokers or are partnering with network /cluster groups like InsureZone Direct.” In addition, Holt stated that, “By partnering with InsureZone Direct, MSI agencies receive the benefits of being part of a larger group including reduced E&O pricing, lead generation, website hosting and development and access to resources which make it much more affordable to start or expand an independent agency”.
InsureZone is based in Fort Worth, Texas and was established in 1999 to address the technology and policy servicing needs of the insurance industry. In addition to technology, InsureZone offers wholesale carrier access through AgentSecure, and a direct agency program through InsureZone Direct. The InsureZone Tech platform consists of a suite of twelve products serving the entire insurance industry including carriers, wholesalers, MGA’s, program administrators, brokers and agencies.
Contact Name: Rebecca Rucker
Contact Phone: 817-704-2251
Website: www.insurezone.com , www.insurezonedirect.com