Interamerican, in the annual awards organized on Tuesday, June 28, 2022, for its partner network, awarded Be.Brokers first place among agencies and brokerage firms in new health production for 2021.
Comprise the 3rd award given by Interamerican to Be.Brokers after the 4th and 5th place awards in general insurance portfolio.
The constant awards that Be.Brokers wins are a confirmation of the high productivity and quality of their work.
The biggest success of Be.Brokers is the growth of its revenue from 2017 to 2021 at an average rate of 28% when in the same period the insurance market grew at a rate of close to 5%.
Be.Brokers aims to win multiple awards as it has invested in a “tied agents” sales system adding 3 new offices in Athens, Corinth, and Rhodes focusing its growth on the life and health sectors.
The company expects its portfolio blend to change from 55% Motor Civil Liability and 55% in non-compulsory sectors in 2021 to 50%-50% this year and 40%-60% in 2023 while maintaining the same overall development rate.
2021 was a particularly successful year Be.Brokers
The company improved the provision of services to partners by raising the level and speed of service.
In a recent survey of satisfaction and evaluation of company services, 127 partners participated, and Be. Brokers received an overall satisfaction score of 8.9 out of 10.
In addition, the results of the financial statements and the growth of its production had the most significant percentage increase in the 5 years of activity in the mediation market.
- Increased insurance production by 41%, exceeding the €15 million
- Increased commission income by 37% to €3.14 million
- Earnings before taxes, interest, and depreciation (EBITDA) increased by 66% to €290,332
- Increased Profits by 77% to €202,178
The comparison with the corresponding amounts in 2017 – 5 years ago – is indicative: Commission revenue from €1.09 million tripled to €3.14 million in 2021, and profits before taxes and depreciation from losses of €481,897 turned in a profit of €290,332.
The financial results of 2021, a difficult and demanding year, form the basis for the company’s further development in 2022.
It is estimated that commission income will reach €4 million, proving that despite the adverse economic conditions, Be.Brokers are attracting new partners as more and more people trust her, having now passed 700 active partnerships with insurance agents.