This post is part of a series sponsored by AgentSync.
For carriers looking to own the distribution channels of the future, having a reputational advantage with downstream agencies and their producers is mission critical.
Read this report to find out how most carriers’ existing processes lead to liability, how mergers and acquisitions may increase as agent churn increases, and carrier management Learn more about how new tools like software need to mitigate risk while enabling growth.
Or, if you’re ready to transform your booking management process beyond onboarding and impress your producers and downstream insurance distribution partners, read our Checklist: Turning Compliance into a Competitive Advantage for Carriers ”.
Carrier Challenges to Producer Experience
As many carriers become more comfortable with tools that offer robust digital experiences and more consumer autonomy, the trend is to open up direct sales tools to consumer audiences. Of course. but, More than 75% of all insurance sales are driven by human agentsthere is good reason to believe that the personal element won’t go away anytime soon.
With both data and contextual commentary from industry executives, Modernizing the Producer Onboarding Experience addresses questions such as:
- If unprecedented turnover rates keep young producers in the workforce, how will their digital expectations change?
- What can carriers expect from their relationship with producers in the future?
- What are the factors that most influence producers’ preference for individual carriers in an increasingly diverse set of independent channels?
- How can telcos navigate the reputational and growth strains of producers with the risks and inconveniences associated with stringent compliance?
With mergers and acquisitions still high or even increasing in the insurance industry, insurers looking to grow while maintaining a reputation for being low-risk and a good place to work should implement digital transformation to ensure growth and compliance do not compete. You have to lean into the formation. Modernizing the Producer Onboarding Experience details how to: Download a copy of the report here.
Career opportunities to establish strong grower relationships
Insurance distribution partners, from agents to MGAs to producers, often form their first (and perhaps most lasting) impression of an insurance company through their onboarding experience. A “process” consisting of a series of emails, phone calls, sync failures, and messages beginning with “Sorry, I haven’t received it yet…” can start off on the wrong foot.But Modern Insurance Agent Onboarding Software Partners can move through the process quickly and efficiently, minimizing back-and-forth.
With Producer’s onboarding management software, carriers that are able to position compliance obligations as growth prospects have the advantage of mitigating risk and leveraging insurance technology effectively to build relationships. Speed meets reliability for a frictionless experience. This is ideal for the emerging insurer market.
In addition, onboarding management software not only reduces churn and facilitates recruitment and retention of qualified financial professionals, Just-in-time (JIT) appointments A process that saves costs on unnecessary producer appointments.
To find out how carriers across the industry have earned their reputation for being producer friendly with onboarding, Download your copy of the Modernization of the Producer Onboarding ExperienceTo address your own producer compliance protocol from onboarding to termination, Download Checklist: Turning Compliance into a Competitive Advantage for Telcos.
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