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 […]
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 […]