In 2016, the estimated total number of independent Agencies in the United States stood at 38,000, according to Independent Insurance Agents & Brokers of America Inc. Given the huge number, it comes as no surprise that the competition is extensive to run an agency profitably. Today, we will examine 7 steps that can guide an agent towards success.
1. Be available:
We all know the success story of the half bitten Apple. At InsuredMine we are not kidding when we draw the analogy with what happened at Insuretech Connect 2018 (ITC2018). Despite a complete experience with two days of exposure, meetings, and attending sessions, we know we only took a bite of the apple; we know there is so much more to explore and experience, but most importantly, to learn and grow.
Insurance customer expectation and engagement was way different than it is today and is changing at a rapid pace. Companies like Google, Amazon eBay, and Netflix have leveraged technology and flipped business models completely upside down. Since technology is fostering “I want it when I want it and how I want it” motto, we can’t expect the customers to demand any less when it comes to insurance.
Today 4 out of 5 customers are way different than Jack’s customers years ago, because though they trust Jack just as equally today, they still compare and verify
It feels like just yesterday that we were preparing for our first ever Insurtech Connect event. Juggling what to do, whom to meet, taking notes, learning new things, and overall soaking in as much as we could. But this year certainly feels different not only because we are one of the official sponsors of the event along with 200+ others, but because we have also ‘been there done that’. We
Engagement is a tricky term. It is halfway to a promise, but a long way from commitment. Agent-customer relationships also work in a similar fashion. Customer engagement is the depth of the relationship a customer has with a brand. Although engagement is a good sign that leads to a prospective customer, how we navigate from the first interaction until the customer commits plays a key role. Some strategies on how we can achieve customer engagement are discussed here and we are confident these strategies will work for all agents.
Spring break is a much-awaited vacation for most families and young adults. Whether you are traveling domestic or to an exotic far off location, insuring your trip always comes in handy should the unexpected happen. Wherever your travels take you, vacation travel insurance plans can ensure the investment you have made is protected with proper trip coverage.
After knowing about the home features and home safety criteria that help in lowering homeowners’ Insurance, next come the personal factors that affect homeowners’ Insurance. Let’s open this box of information to know about factors related to personal profile that could lower your homeowners’ Insurance.
Part 3: Factors related to personal profile
Marital Status – From being single to married, the changes include combining homes or owning a home post marriage. There are insurers who offer flat discount when the change of status is reported.
If you are like many Americans, you probably have multiple policies for home, auto, medical and life insurance. And if you are lucky and working for a good employer, you might also have additional life insurance as well as disability insurance. But did you know that no matter how well covered you think you are, there are some gaps in coverage that can unexpectedly wreak havoc on your savings should the unthinkable strike? Here are the common gaps many Americans have in their insurance coverage.
Having your home features assessed as suggested in the previous blog could offer you the reward of some insurance pricing reduction. This was just a part of all the factors that apply towards lowering of insurance rate. In this blog, I will expand upon factors related to home safety.
Smoke detector – These are the most common home safety item used in American households. You should install them in places where they can be easily heard. Moreover, all of them should be
A comprehensive guide to factors that lower your homeowners’ insurance premium
Buying a house and living the big dream doesn’t come easy. Since it is one of our biggest investments and an emotional one too, we do not buy a house in haste; it can certainly not be an impulsive decision. With the care and love that we buy our house, we also want to protect it by opting for a home insurance policy to insure our precious possession. Also it becomes compulsory for homeowners with a mortgage. Thus along comes buying homeowners insurance after the buying of house.
It is no