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
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 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
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
