October 13, 2023

Agency Freedom: E124: Cyrus Jaffery On Striking Gold Twice

50 minutes

In this episode, James talks with Cyrus Jaffery, Founder of Quotamation.

To learn more about Quotamation, visit https://quotamation.com/.

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Episode Highlights:

Cyrus shares his experiences growing up as a refugee from Afghanistan and finding his place in America. (3:03)

Cyrus mentions that to succeed in the independent world, people must learn to sell value because this will lead to success in the independent channel. (12:32)

Cyrus discusses his decision to leave State Farm and build a legacy as an independent agent. (21:25)

Cyrus discusses the four verticals of Quotamation which include Jafri Insurance, CJ Insurance Group, Real Estate Joint Ventures, and Coordination Technology. (25:09)

Cyrus emphasizes the importance of having a RESPA attorney, avoiding one-sided agents, and promoting a formal relationship between insurance agents and clients. (36:55)

Cyrus shares how he and his wife made a promise not to work weekends, and how they made time for important matters, including a golf tournament for charity. (43:16)

Key Quotes:

“To all my captive friends, independent friends, if you haven't done the captive world, then do the captive world. If you want to stick in the personal lines, or even commercial, man, like, it's so, so awesome to learn how to sell value, man. If you know how to sell value, then you come on this side on the independent channel, you're going to take off.” - Cyrus Jaffery

“The four buckets that I was telling you about, that third bucket, which is the business piece of it, I'm super competitive, all that stuff is good, but I just didn't wake up excited about it. And I don't know what it was man, it was just God's way of telling me, "Hey, man, I think you need a change and it's going to be the best thing that's ever happened to you.” - Cyrus Jaffery

“Every real estate broker, every mortgage company, every financial advisor, accounting firm, they are having talks, or they have already started an insurance thing. So, why not have the independent agents go to them and do a joint venture with them potentially, because we know we can give the right education to the clients instead of these tech companies.” - Cyrus Jaffery

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