Are you a passionate insurance agent ready to take your agency to new heights? Or maybe you’re an entrepreneur considering the insurance industry as your next venture. Whether you’re a seasoned professional or just starting, one thing is clear; you’re determined to achieve tangible growth and long-term success. In a competitive market like insurance, standing out and thriving requires more than just luck. It demands strategic planning, innovative approaches, and a deep understanding of the industry’s dynamics. So, are you ready to explore the proven strategies and expert advice that…
Read MoreCategory: News for Agents
Agents and brokers should be keeping up on the latest within the industry. Featured new products, agency education along with marketing information that will help further any insurance career.
How Claims Management Software Empowers Insurance Professionals
In the fast-paced world of insurance, effective claims management is crucial for insurers to streamline processes, minimize risks, and provide exceptional customer service. As technology continues to advance, insurance professionals are turning to claims management software to gain a competitive edge. This powerful tool empowers insurance professionals to take control of their operations, resulting in improved efficiency, accuracy, and customer satisfaction. A recent study conducted by Allied Market Research revealed that the worldwide market for claims processing software reached a value of $33.9 billion in 2020. The report further predicts…
Read More6 Technology Trends That are Helping Insurance Companies Ensure Better Customer Service
Did you know that the United States is the largest insurance market in the world? With total premiums worth $2.8 trillion in 2021, the US dominates the global insurance market as per a report published by Statista. Trailing the US in this ranking are the United Kingdom, Germany, Japan, France, South Korea, and so on. However, the gap between the US and the others on this list is mammoth, where America dominates over 50 percent of the global insurance market share. Despite its dominance in the global market, US insurance…
Read More4 Trends Shaping the Commercial Property and Casualty Insurance Industry
The year 2022 was the worst one for the property insurance and casualty insurance industry (P&C) since 2011. Insurers are likely to pay out billions of dollars due to severe weather conditions in the United States. Hurricane Ian, which struck Florida in late 2022, caused the second largest insured losses after Hurricane Katrina, resulting in $65 billion alone. Swiss Re has revealed that the natural catastrophe losses of more than $100 billion surpassed the ten-year average by 40% last year. Even AM Best’s new special report has made shocking revelations.…
Read MoreFlorida insurance agents know they offer more than AI
Many of these professionals aren’t feeling threatened by artificial intelligence technology. In California, insurance agents have been voicing their concerns over the potential threat artificial intelligence (AI) could have to their jobs. However, in Florida, these professionals seem to feel far more confident that they can offer a great deal that AI cannot. Florida’s property insurance industry has been struggling for several years due to rising risks and costs. “Things are getting better. They are,” said Great Florida Insurance owner Gordon Gillespie, who was among the hundreds of agents at…
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