This post is part of a series by AgentSync.
For carriers looking to own the future of their distribution channels, building a reputation with downstream agencies and their producers is mission critical: To help, AgentSync has sponsored a report with Aite-Novarica.
Read the report to learn more about how most carriers’ current processes create liabilities, how mergers and acquisitions will increase as agent confusion increases, and how emerging tools like carrier management software should mitigate risks while enabling growth.
Or, if you’re ready to transform your appointment management processes beyond onboarding to impress your producers and downstream insurance distribution partners, download Checklist: Turn Compliance into a Competitive Advantage for Carriers.
Career challenges for producer experience
Many carriers are rightly leaning toward opening up direct sales tools to consumer audiences because they are more comfortable with tools that provide a stronger digital experience and greater consumer autonomy. however, 75 percent or more of all insurance sales are led by human agentsThere are plenty of reasons to believe that the individual element won’t disappear anytime soon.
Featuring both data and contextual commentary from industry executives, modernizing the manufacturer’s onboarding experience tackles questions such as:
- As unprecedented retirement rates leave younger manufacturers in the workforce, how are their digital expectations changing?
- What can carriers expect from producer relations in the future?
- In an increasingly diverse independent channel, what factors most influence producers’ preferences for individual carriers?
- How do carriers successfully navigate the tension of producer reputation and growth with the risks and discomforts associated with full compliance?
As mergers and acquisitions become more or less common in the insurance industry, carriers looking to grow while maintaining a reputation for being low-risk and easy to work with must lean on digital transformations that keep growth and compliance uncompetitive. Describes how to modernize the producer onboarding experience: Download a copy of your report here.
Opportunities for carriers to establish solid producer relationships
Insurance distribution partners, from agencies to MGAs to producers, often make their first (and most lasting) impressions of a carrier through the onboarding experience. A “process” of emails and phone calls, missed syncs, and a string of messages that start with “Sorry, but we haven’t received yet…” can start you down the wrong path. But Modern insurance agent onboarding software Be able to move your partners quickly and efficiently and back and forth as little as possible.
Carriers that can position their compliance obligations as a growth opportunity using producer onboarding management software will have the benefits of both reducing risk and effectively leveraging insurance technology to build relationships. Speed and trust combine to create a frictionless experience – perfect for the growing insurance producer market.
Also, onboarding management software helps carriers keep dollars in their pockets. Just-in-time (JIT) meeting Processes that save money on unnecessary producer appointments.
To learn how forward carriers across the industry can achieve a producer-friendly reputation on onboarding, Download your copy to modernize the producer onboarding experience. To address your own manufacturer compliance protocols from onboarding to termination, Download Checklist: Turning Compliance into a Competitive Advantage for Carriers.
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