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 […]

How Insurance Brokers Can Change the Industry’s Reputation

Perhaps you’ve met a frazzled fellow dinner party guest who spent the evening telling you how much they dislike your industry, or you’ve heard mutterings against insurers on your daily commute. However you heard it, it’s likely you’ve been subject to some complaints about your chosen profession.   There’s no way around it, insurance has […]

How Brokers Can Align Clients’ Business Goals With Their Own

As a broker, you’re often brought on board to help a business understand their insurance needs and which products best suit them. But you can do so much more. Instead of just offering insurance, you can closely align yourself with your client’s business goals in order to help them and in turn, yourself, achieve more. […]

How to be the Best Insurance Broker for Your Clients

If you’ve been a broker for a number of years, you probably think you’ve heard, seen, and experienced everything the industry has to offer. You probably think that you know every aspect of your job and you’ve got a roster of happy clients who trust and rely on you.   If you were asked what […]

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 […]