PDAIS
PDAIS
PDAIS/BELL MISSION
PDAIS/Bell exists to provide competitively priced, quality insurance products to
their clients, their employees and families, as charged through the endorsement
of the Pennsylvania Dental Association. The five key measures that help us
understand whether or not PDAIS/Bell is following its mission and doing its job
can be defined by our commitment, high ethical standards, growth, customer
service and quality products. While practical measures are not necessarily
indicators of health and depth of commitment, they do serve as barometers
that help us ask the appropriate questions. This year-end report will attempt to
highlight in abbreviated fashion the accomplishments of the past 12 months.
PDAIS/BELL 2015 HIGHLIGHTS:
Products/Growth
HIGHLIGHTS OF THE
COMBINED PDAIS &
BELL AGENCY:
• 34 employees
• 6 Offices- Corporate office
Harrisburg, Chambersburg,
Hanover, Shippensburg,
Greencastle, and Mercersburg.
• Licensed in PA, New Jersey
and Maryland
• Appointments with nearly 40
P&C and 20 benefits, life and
DI carriers
• Insures over 7,500 families and
2,500 businesses
• Book of Business: 41%
Personal lines - 40%
Commercial- 19% Benefits
• Combined written insurance
premium $37,524,000
• 2015 gross earnings $4,040,708
• Gross net profit $445,363
• PDAIS acquired Bell Insurance agency on November 1, 2014. The importance
of an agency acquisition was mainly due to the implementation of the
Affordable Health Care Act (ACA). The ACA, unfortunately, has had an
adverse effect on PDAIS’s revenue and the long-term prospect of PDAIS
fulfilling its mission to serve PDA dentists and provide revenue to the PDA.
• The Bell acquisition provides PDA with an even more valuable asset and a
broader portfolio of products for PDA members. However, we can a