Frequently Asked Questions
Aren't all agency network offerings the same?
All networks aren’t created equal.
Most agency groups share two common denominators: they provide market access and increased profit sharing. While Renaissance provides those basic benefits, we deliver you far more for your membership.
Renaissance offers the most comprehensive package of agency resources and tools available to help increase your agency’s revenue and valuation.
Why should my agency join Renaissance?
Renaissance is built to deliver full support to help independent agencies build, grow, and optimize your business. Powered by a differentiated suite of technology products and services, our network drives organic, profitable revenue growth.
Our member agencies earn more revenue and grow up to four times faster than the average independent agency. They also remain 100% independent, retaining complete ownership of their business.
Member benefits include:
- More than 100 carrier/broker relationships
- Placement team expertise & services to help your agency serve more clients
- Enhanced compensation for the business you write
- Powerful, user-friendly technology tools proven to drive revenue
- Resources to take on your agency’s time-consuming, back-office tasks
- A straightforward contract with no entrance or exit fees
On average, Renaissance membership delivers 3 times more value than our annual fee.
How long has Renaissance been in business?
Renaissance has a successful track record that includes more than a quarter-century of service to our member agencies. We were a pioneer in agency partnerships, and we set the standard for many of the groups that followed.
Our network continues to be a leader in technology, innovation, and service, delivering positive results for our more than 350 members.
What type of market access do you offer?
Renaissance has relationships with more than 100 carriers and brokers in the Northeast, Southeast, Mid-Atlantic, and Western U.S., with emphasis on commercial lines. Consult our current list of partners to see which carriers and brokers we’re aligned with in your region.
What types of compensation does Renaissance membership provide?
As a Renaissance member agency, you will be eligible for profit sharing from all of our standard-market carriers. Depending on the amount of premium you have with one of Renaissance’s carrier partners, overrides may also be paid.
On average, members receive 2.5 times the carrier profit share that they would receive as a stand-alone agency.
In addition to market access, what else does Renaissance provide to its member agencies?
Renaissance member agents also gain access to our Placement Team of experienced commercial lines experts, who assist in finding you the ideal carrier for the risk you’re marketing.
Our Growth Advisors work with you to analyze your agency’s data, identify new revenue opportunities, and improve your efficiency – leading to an average commission increase of $50K per project.
As a Renaissance member, you’ll also save up to $15K annually on outsourced billing & commission reconciliation services.
Other benefits include:
- Insightful agency analytics & data dashboards
- Up to 60% savings on AMS user licenses
- Digital marketing tools & services
- Agency Benchmarking tools
Our members save an average of $9.3K when converting to a new agency management system, with Renaissance’s support and training – and save an average of $23K on the list price of AMS360.
Will I still maintain ownership of my agency and my book of business?
Yes. Renaissance member agency principals retain complete, exclusive ownership of their agency and their book.
Do I retain my current carrier appointments and relationships?
Yes. Renaissance member agencies continue to represent all of their current carriers and lose none of their established appointments.
The carriers and wholesalers available through Renaissance membership may be accessed in addition to your current carriers; they do not replace them.
Are there entrance or exit fees?
With Renaissance, there are no entrance fees, exit fees, or penalties for parting with our network.