MLchartDataset catalogue

Agency plant

Term · Insurance and risk management · MLC-T-INS-000358

The collective resources and infrastructure of an insurance agency, encompassing its network of producers, support staff, physical offices, and technology systems. It also includes the agency's portfolio of policies, known as its book of business, which is a primary asset. The value of an agency plant is a key factor in mergers and acquisitions, often assessed by multiplying annual commission revenue by a specific factor.

Table 1. Record
IdentifierMLC-T-INS-000358
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000358",
  "term": "Agency plant",
  "field": "Insurance and risk management",
  "definition": "The collective resources and infrastructure of an insurance agency, encompassing its network of producers, support staff, physical offices, and technology systems. It also includes the agency's portfolio of policies, known as its book of business, which is a primary asset. The value of an agency plant is a key factor in mergers and acquisitions, often assessed by multiplying annual commission revenue by a specific factor.",
  "url": "https://mlchart.com/terminology/insurance/agency-plant/"
}

Record 92 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.