The Financial GPS for Insurance Agencies – Double Entry Accounting

The advent of double entry bookkeeping is one of the most significant milestones in the history of accounting and finance. Developed during the late Middle Ages and popularized by Luca Pacioli in the 15th century, this ingenious system transformed the way businesses, governments, and individuals recorded financial transactions. Today, double entry bookkeeping stands as a … Read more

Why Bookkeeping Is The Key to Business Intelligence For Insurance Agents

In the first recorded book published on the subject of accounting (Summa de Arithmetica, 1494) Luca Pacioli quotes the following:  “Three things are needed by anyone who wishes to carry on business carefully:  Cash and/or credit A good accountant Proper internal control” It is as true today as it was in 1494. A business owner’s … Read more

𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐬 𝐢𝐧 𝐑𝐢𝐬𝐤: 𝐄𝟒𝟔𝟓 – 𝐀 𝐌𝐚𝐫𝐤𝐞𝐭𝐩𝐥𝐚𝐜𝐞 𝐨𝐟 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐀𝐠𝐞𝐧𝐜𝐢𝐞𝐬; 𝐇𝐨𝐰 𝐓𝐨 𝐁𝐮𝐲 𝐎𝐫 𝐒𝐞𝐥𝐥 𝐘𝐨𝐮𝐫 𝐁𝐨𝐨𝐤 𝐨𝐟 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 (𝐢𝐧 𝐰𝐡𝐨𝐥𝐞 𝐨𝐫 𝐟𝐫𝐚𝐜𝐭𝐢𝐨𝐧𝐚𝐥𝐥𝐲) – 𝐂𝐚𝐤𝐞 𝐂𝐄𝐎 𝐀𝐝𝐚𝐦 𝐁𝐨𝐰𝐞

The purchase and sale of insurance agencies and brokerages has transacted for decades (with private equity aggressively participating in this in recent years). The process is complex with a lot of due diligence. In this episode, Tony chats with Adam Bowe, Founder at Cake. Cake is a transactional marketplace for independent agencies to buy and … Read more

Profiles in Risk: E457 – Increasing Agency Processing Efficiency; Giri Laveti, CEO of Assuretrac

So much work that is being done at insurance agencies is processing work. Collecting a check from a policyholder to beat a cancellation deadline (then having to call the payment in, get an envelope, address it, stamp it and put it into the outgoing mail) Getting quote options for a producer Sending a Certificate of … Read more

Profiles in Risk: E449 – Using Cybersecurity Domain Experts To Grow Your (Cyber) Book; Bill Haber, Co-Founder at TEKRiSQ

In this episode of Profiles in Risk, Tony chats with Bill Haber, Co-Founder at TEKRiSQ. They’re experienced cybersecurity professionals, focused on helping independent agencies, carriers ,and MGAs they work with to engage, develop and sell to small and mid-sized businesses with cyber exposures. We shouldn’t ask agents (or business owners) to be part-time Cyber Security … Read more