2020: A Year Of Continued Growth For KMRD Despite COVID-19 Pandemic
Despite the lockdowns and preventative measures implemented across the nation from the COVID-19 pandemic, KMRD continued to experience double-digit revenue growth, hire even more talented people – and win a few awards along the way.
Let’s face it, 2020 was rough by any standard – a year of unprecedented events. A new pandemic raged. Most schools and universities were closed. Fine dining restaurants stayed open by offering takeout. Lines of people stretched for blocks for basic necessities. And grocery stores all across the United States were out of stock of toilet paper!?!
Businesses, for the most part, were hit hard – we were as well – but somehow KMRD managed to stay open to support its clients and ongoing efforts. This was only possible because of our talented and hard working people, our special clients who continue to trust and believe in us, and our dozens of partners and suppliers who have stuck with us.
All of you deserve a ton of credit for our growth and success, and we are grateful for each and every one of you. Thank you all for everything you did in 2020. We look forward to a bright future together!
As we begin to look ahead to 2021, we want to share a few of our best moments from last year.
KMRD Exceeded Expectations in 2020
Total Policies Analyzed
We’re coverage geeks and have a lot of policies analyzed in our database. This helps us make sure coverage is state of the art and triggers in a predictable manner.
Revenue Growth in 2020
In 2020, we continued to grow year over year by 12%. KMRD’s core advantage – our disciplined approach and proven process combined with our world-class service team and great technology – really paid off for us this year.
KMRD has grown 65% over the past 5 years thanks to our loyal clients and hard working employees, referral sources, and partners. We appreciate you!!
KMRD Continues to Win Awards
It’s not just about awards, but well, we’ll take them as they come in. These awards add to an impressive roster of wins for KMRD in recent years.
A Few More Numbers
We took advantage of the slow down to focus on hiring and training. KMRD welcomed 4 new employees, – all talented people to strengthen our ability to serve our clients and round out our business development and account management teams, including one new CFO – showing that even in downtimes, the nature of risk itself is one of the reasons these jobs remain.
In 2020, we won 219 new clients and successfully brought them into KMRD. Would you like to learn more about our expertise and industries we serve? For more information, contact KMRD online or call 866-957-5673. Follow KMRD on Twitter @KMRDPartners, Facebook and LinkedIn.
We continue to invest in our infrastructure. In 2020 we upgraded our core software and hardware systems.
KMRD Cares about the Community
At KMRD, we believe in giving back to our community and those in need. Just like last year, we continued to partner with the Keystone Opportunity Council to purchase, pick up and deliver enough hams to feed 250 local families over the holidays.
We also continued our partnership and financial support of Central Bucks MobilePack – to support Feed My Starving Children (FMSC) – however the pandemic prevented them from scheduling the annual Bucks County food packing effort. We look forward to working with FMSC in the coming year to feed over 3,000 children one hot meal per day for a full year!
A few additional highlights from 2020
- No more than 8% of our clients’ business is with one carrier. There are no favorites! …Only the best carrier for our our clients’ needs!
- We accomplished double digit growth for over 14 years running.
- As a member of Worldwide Broker Network (WBN), KMRD is among an active part of the 4th largest largest insurance brokers & employee benefits consultants in the world.
- KMRD has produced over 108,000 documents and has over 1,150,000 documents in Xchange (Our award-winning risk management portal)
Below are a few images of our office!