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  Financial Benefits

TA Management Services offer P&C retailers and general managing agents a new business model with considerable operating cost savings and unlimited potential for business expansion. Outsourcing of the trust account management empowers insurance agencies to become more productive and more profitable.

Some of TA Service financial benefits are quantifiable; others are not directly quantifiable. The latter will be however recognized as factors of improvement of the agency overall financial performance.

Quantifiable Financial Benefits:

  • Payroll cost savings
    • CSRs … average 30% of current cost
    • Accounting … average 70% of current cost
    • Producers and managers … average 5-10% of current cost
  • Additional interest earnings … up to 100% more interest
  • Elimination of bad debt losses … 100% eliminated

Not Quantifiable Financial Benefits

  • Improved cash flow
  • Unlimited business expansion potential
  • Reduced working capital requirements
  • Better customer service
  • Higher client retention ratio
  • Better agency-carrier business relationship
  • Reduced E&O risk exposure
 
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