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
For small to medium-sized insurance brokerages and agencies, purchasing leads from a lead provider like Data Axle Genie or Leadsplease can greatly increase leads and business. But, as with any business decision, there are both pros and cons to consider before deciding whether it’s the right choice. Pros First, purchasing leads can be a great … Read More
Introduction Insurance brokers have a lot of data to manage and protect. To stay competitive and protect their Book Of Business, insurance brokers need to use software like CaptaIMS to safeguard their data. This article will discuss features like data encryption, data backup, user permissions, and more to help insurance brokers protect their data. Data … Read More
