Introduction For insurance professionals, selling insurance policies is a daily part of the job. Professionals need a solid understanding of effective sales techniques and strategies to maximize insurance policy sales. This article discusses the top strategies to help insurance professionals increase their insurance sales. Develop a Strong Business Network Skip the cold calls and start … Read More
Introduction As a sequel to our article “5 Pitfalls Insurance Startups Should Avoid,” marketing mistakes can easily derail any insurance broker’s business as well. Knowing what mistakes to avoid and how to avoid them is essential for the success of an insurance broker. In this article, we’ll explore 10 of the most common insurance broker … Read More
As insurance brokers and agents evolve their practices to meet the changing needs of their clients, they are also exploring new opportunities for growth. By taking advantage of these opportunities, professionals in the insurance industry can increase profits, expand their business, and provide better services to their clients. What Are the Opportunities? The opportunities for … Read More
The success of any business comes down to effective management. Insurance brokerages are no different. In order to make sure your brokerage is running optimally, there are several steps you need to take. Here’s how to effectively manage your insurance brokerage. Identify Objectives and Set Goals The first step to managing your insurance brokerage is … Read More
The insurance industry is constantly changing and evolving, and specialty insurance brokers need to stay ahead of the curve to remain successful. From staying up-to-date with the latest technology to expanding their knowledge base and networking, there are many ways for specialty brokers to stay ahead. Stay Up-to-Date With Technology In today’s digital age, it … Read More
The use of InsurTech has become increasingly prevalent in the marine insurance industry. Despite this, there is a large percentage of marine insurance brokers that have yet to embrace InsurTech. This can be detrimental to their business, as it can lead to inefficiencies, decreased customer satisfaction, and a decrease in profits. What is InsurTech? Insurtech … Read More
Commercial insurance brokers must stay ahead of the competition to ensure their business’s success. This article will discuss some good business models for commercial insurance brokers for the future. Utilizing Technology The use of technology to streamline processes is becoming increasingly important in the insurance industry. Furthermore, utilizing technology can enhance customer experience by providing a … Read More
Starting an insurance business is an exciting endeavor, but it also comes with certain risks and pitfalls. In order to ensure success, it is essential to understand and avoid the mistakes that can make or break an insurance startup. This article will outline the five most common insurance startup pitfalls you should avoid, including proper … Read More
How Document Management Solutions Assist Insurance Brokers with Compliance Insurance brokers are responsible for managing their clients’ financial risks. This includes staying compliant with the Department of Insurance regulations in their state. To help ensure their compliance, many brokers are turning to document management solutions. This article will discuss how document software solutions can help … Read More
Admitted or Not? Admitted versus non-admitted insurance carriers? That is the question. Do you understand the difference? Having a good understanding of these two carrier types is essential for any insurance brokerage. This article will discuss these carriers and how they can affect your insurance brokerage. What is an Admitted Insurance Carrier? An admitted insurance … Read More
