How to be the Ideal Insurance Broker for Your Clients

It is said that the customer is always right. However, in the insurance industry that doesn’t appear to be, well, true. There’s a chasm forming between how brokers view themselves and offer services, and what clients actually want.   Half of employers wish their brokers would provide more guidance on regulatory and legislative matters. Meanwhile, over […]

Risk Management and Prevention for Insurance Brokers

Risks can break a business. While some risks can be insured, some cannot. Even for those risks that are insured, they can still affect a business negatively; the process of a claim can eat up valuable resources and time that could otherwise be spent growing the business. It’s therefore important that you assist clients wherever […]

Brokers, Here’s Why You Should Care About Insurance Tech

There’s no avoiding it. Technology is all around us and it’s really leaving its mark on the insurance sector. Insurancetech (or insurtech or instech) covers pretty much any technology that’s altering the way the insurance industry works – VerifiaBill falls under this umbrella.   Insurtech could very well be one of the biggest debates in […]

The Importance of Underwriting in Insurance

Underwriting: it’s the foundation of the whole insurance industry. That is why it’s so important for underwriters to make the right decisions. It is up to them, and nobody else, to ensure that a correct level of risk is entering the industry and that this risk is matched by the right premium. If this balance […]

Insurance 101: What is a Risk Retention Group?

Insurance can be a tricky (and risky!) business. Not least because of all the different kinds of insurance companies out there who are able to provide insurance products. We’re going to help you understand one of them – risk retention groups (RRGs).   RRGs’ beginnings An RRG is a type of insurance company that has […]

How Brokers Can Best Help Clients With Insurance Claims

For many people, having to make an insurance claim is part of a long stressful experience that they find themselves forced into. Especially if they have to make a health insurance claim.   If someone finds themselves having to make a claim on their health insurance, they’re obviously not in a great situation. They are […]

How to Improve Insurance Claims Management

Managing Claims is critical for insurance companies. Your insurance company will succeed or fail based on how well it manages claims. Is your claims management up to par? If you think the answer is no, here are three ways your team can begin improving your claims management processes today.   Improve Customer Service Claims management […]

3 Characteristics of Successful Insurance Brokers

These days, making it as an insurance broker is more challenging than ever. But somehow, there are many brokers out there that are not only surviving; they’re thriving! What’s their secret? Beyond hard work and dedication, successful brokers have a few things in common. Here are three observations that can help you succeed as an […]

3 Insurance Marketing Strategies to Set Your Company Apart

Marketing is critical for every business these days, but especially for insurance companies. Profit margins are often razor-thin, and you need to find and maintain every customer you can. But newspaper ads and a spot in the yellow pages simply won’t cut it anymore. So how do insurance companies execute effective marketing in the 21st […]

How an Insurance Broker Will Grow Your Business

Managing a business can be challenging. You often have to rely on yourself to take care of every task, big or small.  However, there are some places where going it alone may not get the job done. Managing insurance is one area where you could use some expert assistance. Here are three ways an insurance […]