Depending on our agency, that could be your expertise, location, options or product lines. Keen Assurance Brokers will endeavor to assure such victims with insurance packages that will give them a new lease on life.
Revenue is projected to come from the payment of premiums and consultancy fees charged for creating linkages between individuals and other lager insurance brokerage firms. Keen Assurance Brokers will have to devise methods and means to attract the interest of these market groups with relevant insurance packages.
Investors need to trust you before financing your agency. In addition, Keen Insurance business plan sample pdf brokers will also place targeted ads in relevant insurance journals and newsletters. You can also add a short financial analysis, which identifies industry trends that justify their request.
Marketing Thrust As a marketing strategy, Keen Assurance Brokers will target potential and existing home owners under and above 40 years of age, new parents, aspiring parents, temporary renters as well as other groups that have high potential for having a need for insurance.
It will also be liable to adjustments, in order to accommodate the dynamic nature of the Insurance industry at both national and international levels. This is a sufficiently detailed business plan of an insurance agency. Valuables and Personal Assets.
Keen Assurance hopes to break into this insurance segment with the provision of top notch insurance services. In this section, you might also want to outline your sales strategy and forecast. Lagos State alone boasts of a population nearing 25 million people.
The startup funds of the owner for the business is put at N1 million USD. In addition, the growth rate for the country is put at 3 percent per annum.
An established agency might include their mission statement and growth highlights, while a startup may focus on prior experience and motivation for starting an insurance agency.
Under this category, Keen Assurance Brokers will provide coverage for items such as jewelry, antiquities, share certificates, heirlooms, electronic and home appliances as well as other such assets as declared by the owners. Disability Care Keen Assurance believes that the individual should not be disadvantaged due to a disability suffered at work or play.
Keen Assurance Brokers will also serve as a bridge between bigger insurance companies and our customers, who will trust our expertise and sense of judgment in obtaining favorable insurance packages across different sectors of the economy. Include a description of your industry, details about your target market, and an assessment of your competitors.
Keen Assurance Brokers will provide these services based on the trends and experiences garnered over the years. Marketing strategy and implementation. A part of the sum will be used in setting up a small space as a home office. Investors may also want to see the market share you hope to gain and an explanation for those numbers.
Check out the Small Business Administration for more advice on completing your business plan. In this section, you explain how your agency brings value to the marketplace. Typically, a funding request lists the amount you currently seek, potential future funding request, your plan for using the funding, and strategies for financial situations, such as a buyout or sale.
The market analysis shows your understanding of the market and the demand your agency addresses. The company description helps investors understand what sets your agency apart from competitors. Regardless of your history, a basic business plan must include the following components: When seeking funding, new businesses usually need to identify start-up costs and provide five years of prospective financial data, including balance sheets, income statements, cash-flow statements, and capital expenditure budgets.
The market is primly poised for this; demographic information obtained from the National Population Commission show that a breakdown of population segments shows that youths and the young at heart, make up close to seventy percent of the population.
In providing these services, Keen Assurances will also: All these figures point to the fact that existing and potential markets are guaranteed. A snapshot of your agency, the executive summary briefly explains the market opportunity and how your agency plans to address it.
This will take care of the costs of setting up a website, procuring marketing materials like call cards, brochures, T-shirts etc. It sure serves all the necessary purposes any one can require.
In many cases, the executive summary is the first impression investors have of your business, so make sure it captures their attention.Quaestor Services insurance agency business plan executive summary.
Quaestor Services is a start-up sole proprietorship combining insurance product sales and small business bookkeeping services. Insurance Agency Business Plan Sample - Executive Summary | Bplans/5(12).
Writing a Business Plan Georgia State SBDC 5 Business Plan Outline Cover Sheet: Business Name, Address, Phone Number, Principals Executive Summary or Statement of Purpose Table of Contents Section One: The Business.
This sample insurance agency business plan has been written to assist you in creating your company specific business plan. You are free to edit and use the material within your. Are you looking for a insurance company business plan template? Here is a sample business plan for an insurance agency firm and free feasibility report.
Sample Plan (Full Plan - all modules) June 1, John & Sarah Hanson Table of Contents Disclaimer Letter of Engagement Summary Personal Information Goals Cash Flow Net Worth my insurance business with [insert NAMES OF INSURANCE COMPANIES AND MGAs]. If, subsequent to our. Acme Insurance is an ongoing business working as a regional insurance agency and real estate brokerage firm which markets and services personal insurance.
Insurance Company Business Plan Sample - Executive Summary | Bplans/5(18).Download