AgencyKPI Plays Behind the Scenes Role in Insurance Industry Merger

Ardell Cristy

Merging Providers Relied on AgencyKPI for Economic Owing Diligence

AUSTIN, Texas–(Business enterprise WIRE)–September 27, 2022–

AgencyKPI (, developer of the major built-in enterprise intelligence process developed to handle and deal with insurance policy marketplace details, just lately performed a critical function in the development of a new coverage consulting large.

This press release options multimedia. Watch the whole release below:

Meet the AgencyKPI team. (Photo by KARI CREATIVE PHOTOGRAPHY on April 27, 2022.)

Meet the AgencyKPI workforce. (Photograph by KARI Imaginative Photography on April 27, 2022.)

In August, MarshBerry Connect System and Very first Choice Agents Alliance (FCAA), two of the nation’s prime insurance coverage networks, declared their merger. The recently formed corporation is FirstChoice, a MarshBerry corporation.

FCAA started off working with AgencyKPI’s Harmony platform in 2020 to much better manage its voluminous details in buy to enhance collaboration, enhance operational performance and align development and retention anticipations with its much more than 430 member organizations.

Coincidentally, AgencyKPI was on the cusp of incorporating MarshBerry to its customer roster this yr and also subscribing them to the Harmony platform. Whilst negotiations halted due to their at the rear of-the-scenes merger conversations, AgencyKPI was considerable to the over-all offer for both equally entities.

“AgencyKPI was completely instrumental for us to have a comprehensive being familiar with of our facts and explore how this merger would be positive for the two of us. Without the need of AgencyKPI, it would have taken me an extraordinary variety of hours to compile almost everything I would have essential to display transparency. I seriously do not know how I would have been capable to do it as quickly,” stated Keith Captain, President of FirstChoice.

“We are pleasantly shocked to study about our function in earning the merger transpire. Two really wise businesses are starting to be even smarter by combining. We’re thrilled to continue on to create and build deeper details insights together,” explained Bobby Billman, Co-Founder of AgencyKPI.

With much more than 430 businesses in its community, FirstChoice has even much more info to wrangle. With continued support from AgencyKPI, FirstChoice designs to have an understanding of the total breadth of their considerably larger sized e book of company prior to the stop of this yr.

“AgencyKPI is empowering FirstChoice to have in-depth strategic organizing discussions with our comprehensive membership. That’s not an uncomplicated undertaking with the sheer quantity of member agencies and top quality we have, but the value that it makes outweighs all of the perform when everyone’s aligned on advancement and becoming successful transferring forward,” stated David Soforenko, Government Vice President of MarshBerry.

MarshBerry – Assisting Shoppers Study, Strengthen & Understand Value

Founded in 1981, MarshBerry serves the insurance plan distribution and prosperity administration industries like insurance brokers & brokers, specialty distributors, personal fairness corporations, and prosperity management companies. MarshBerry’s market-distinct services assistance purchasers make, boost and maintain price through: Merger & Acquisition Advisory, Financial debt & Fairness Funds Elevating, Money Consulting, Market place Intelligence & Benchmarking, Natural and organic Growth Consulting, Link – Executive Peer Exchange, and FirstChoice – Aggregation. Understand additional at

About AgencyKPI

AgencyKPI is the developer of the major built-in enterprise intelligence system developed to tackle and deal with the overabundance of data generated throughout the insurance coverage field. AgencyKPI holds a essential perception that insurance policies organizations, networks, carriers, brokers, and wholesalers wish to deepen their relationships as a result of mutual being familiar with, and the harmonizing and balancing of their collective endeavours. During a time when most Insurtech businesses claim that disruption is the path to the potential, AgencyKPI develops software program platforms that assistance harmony, comprehension and harmony among all associates and suppliers in the insurance policy field. AgencyKPI was established by Trent Richmond and Bobby Billman. Richmond is a veteran of the coverage market and is the previous CEO of Mixed Brokers of The united states, and also the previous president and chairman of the board of Bridges Team Insurance plan. Billman is a former vice president at Motorola Mobility, a Google firm. Billman has also held govt management positions at Samsung Mobile, Dell, Dish Community and Nokia Cellular. For much more about AgencyKPI, Inc. go to

Jason Meeker
Director of Marketing
[email protected]

VentureBeat’s mission is to be a electronic town square for technological conclusion-makers to get knowledge about transformative company know-how and transact. Find our Briefings.

Leave a Reply

Next Post

Des Moines-based EMC Insurance Co. announces planned 65 job cuts

EMC Insurance plan Cos. will reduce some work following calendar year as it ends a line of business enterprise. The Des Moines-based insurance provider introduced in a information release Tuesday that executives have decided to exit the reinsurance section, costing 65 staff their careers. The firm declined to say how […]