AgencyKPI

About AgencyKPI

AgencyKPI emerged on the insurance scene in 2017, the brainchild of co-founders Trent Richmond and Bobby Billman. Based in Austin, Texas, the firm addresses a critical need within the insurance industry: the aggregation and analysis of fragmented data for independent insurance agencies, carriers, and networks. Richmond, serving as CEO, brings a deep understanding of the industry's distribution channels, having previously held the position of President and COO at Combined Agents of America. Billman, the company's President, complements this with his extensive background in insurance data and analytics. Their combined experience forms the bedrock of AgencyKPI's mission to empower insurance networks and their member agencies with actionable business intelligence.

The company operates on a business-to-business (B2B) software-as-a-service (SaaS) model, providing a platform designed to harmonize data from various sources. This allows independent insurance networks and their affiliates to gain a clearer understanding of their performance. The core product, the Harmony Platform, integrates with agency management systems to automate the collection and visualization of key performance indicators. It allows users to track written premiums, commissions, and policy growth, benchmarking their performance against other network members. This functionality enables agencies to identify growth opportunities and operational inefficiencies.

AgencyKPI's client base consists primarily of independent insurance agency networks, brokers, and carriers. By providing a unified view of data, the platform helps these entities collaborate more effectively and make data-driven decisions. For instance, it allows for the comparison of carrier compensation and performance across a network, fostering more strategic partnerships. The company has achieved notable milestones, including securing significant seed funding and forming partnerships with prominent insurance networks, which has solidified its position in the insurtech market.