MIAMI, Dec. 10, 2021 /PRNewswire-PRWeb/ -- Estrella Insurance (Estrella), a leading property and casualty insurance agency franchise, crossed the $500 million mark in system wide premiums for the first time in the company's nearly 40 year history, and continues to build upon a growing sales track record. The impressive growth underscores the Estrella franchise network's adaptability to a rapidly changing business environment despite the headwinds faced in response to the global pandemic.
"At Estrella, the success of our franchisees always comes first," said Nicolas Estrella Jr., CEO of Estrella Insurance. "From the onset of the pandemic to now, we've been by their side every step of the way, helping them navigate unprecedented challenges while seizing on tremendous new opportunities for growth. Insurance coverage is non-negotiable and that's why Estrella has remained a pandemic-resistant, and even recession-resistant, business opportunity for aspiring entrepreneurs."
The roadmap for Estrella's continued growth includes the constant investment in building Estrella as a data-driven organization focused on a simple, easy, and cost-effective consumer insurance portfolio. By truly understanding the levers that drive the insurance business, its customers, the trends, buying habits and ROI metrics, Estrella has experienced strong double-digit growth of more than 15% in premiums in 2021 while expanding the franchise network. The brand has awarded more than 25 territories this year to develop units in markets such as Florida, Southern California, Phoenix, and more, while opening nearly 20 new locations across the country.
Since its inception more than 40 years ago and franchising since 2008, Estrella has grown into one of the most trusted independent, family-owned and operated franchised insurance agencies. Today, the brand has more than 175 locations across Florida, California, Arizona, Colorado, and Texas. From initial inquiry, to opening, and beyond, Estrella provides its network of franchisees continual support and training designed to maximize income potential and profitability. Strong relationships with most major insurance companies and superior marketing in both Spanish and English across digital, TV, radio and outdoor provides Estrella franchisees with the ability to insure more people regardless of their personal situation while keeping premiums low.
"With our rapid growth and recent innovations, it really is an exciting time to be a part of Estrella," said Jose Merille, President of Estrella Insurance. "We've had another very strong year and as we continue to scale the brand, we look forward to providing our franchise partners with even more tools and resources to maximize their success. There is a lot more to come in 2022."
About Estrella Insurance
Estrella Insurance is a property and casualty insurance franchisor based in Miami, Fla. Estrella has become a trusted leader among consumers and insurance companies by providing simple, easy, and cost-effective insurance solutions across its auto, home, commercial, business, life, and health insurance portfolios. Today, Estrella has more than 175 offices across the U.S. and is consistently ranked as a top franchise opportunity and recognized as an invaluable resource for potential franchisees. The proven business model allows owners to focus directly on customer support and community engagement. For more information on franchise ownership, visit estrellafranchise.com.
Media Contact
Chad Cohen, Estrella Insurance, 786-417-5769, [email protected]
SOURCE Estrella Insurance
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