The small-to-medium commercial space is growing like crazy. And guess what? It’s going to keep going up. That means there’s a huge opportunity for you to invest in small commercial. In recent years, the annual premium growth rate for commercial P&C lines has stayed steady at 6-8%, according to McKinsey & Company. And we expect that commercial growth to keep its momentum.
But we know that many in the industry still think commercial lines are too complex to navigate – between inefficiencies in data collection, lack of industry collaboration, and limited offerings of carrier panels for quick quoting. Don’t let that stop you though. The technology available now has made these challenges a thing of the past. Powerful technology solutions help with quoting, appetite and more, making commercial lines more manageable and profitable than ever before.
“Planning for the future means more than just planning for growth. It also means planning to adapt to the changing needs of your buyer. Having the right foundation is key, and technology is an asset.”
– Heather White, Platform Sales Manager, TarmikaSeizing the Commercial Lines Opportunity
Even if you're just getting started with commercial business, taking three steps can simplify your commercial lines process and put you on the road to increased efficiency, greater profits and better partnerships. Gone are the days of filling out applications by hand or bouncing around to a bunch of different portals and systems. With the latest tech, you can streamline the entire process and get your quotes quickly. If you want to make your life easier and get ahead in the commercial world, download our free Make Commercial Lines Worth Your Investment eBook for three steps to get you on your way and technology recommendations to fuel commercial growth.
Raghav Tanna
After graduating from Bentley University in 2015, Raghav Tanna got his start in the insurance industry as a commercial insurance producer and underwriter. In 2018, Raghav co-founded Tarmika, a single-entry commercial lines rating solution, with the goal of empowering independent agents with tech built for them. As a web-based solution, Tarmika utilizes API technology to allow independent agents to quote multiple carriers in a single-entry. After Applied Systems acquired Tarmika in 2022, Raghav transitioned into a new role, Senior Vice President of Small Commercial Lines.
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