Embedded Insurance: Convenience at the Expense of Quality The year is 1925, and in a lobbying campaign so bold that it would make modern players blush, lawyers for Chrysler and Palmetto Fire Insurance Company are attempting to force their new partnership past a slate of skeptical state Insurance Commissioners and into the threshold of legality. …
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Surety Bonds vs. Insurance July 30, 2021 A common misconception among insurance agents is that surety bonds are just another insurance product, no different from standard, more traditional lines. However, any agent who has actually worked to obtain a surety bond knows that this is far from the truth. While surety bonds are technically considered …
The Importance of Market Access June 24, 2021 Picture this: Your customer contacts you requesting a surety bond, so you begin shopping quotes to find the right coverage. You find a broker who comes recommended by one of your colleagues. You request a quote, only for it to come back three times higher than you …
Agency Tips: Alleviating Production Pressure April 30, 2021 Insurance agents are constantly feeling the pressure to produce. Sales generate revenue, and we all know agents can’t stay in business without growth. However, there are only so many hours in the day, and agents often find themselves hard pressed trying to both attract new customers while …
April 20, 2021 How to Combat the Perception of Insurance as a Commodity Consumers are most inclined to purchase products from platforms that save them money and are simple to use. Insurtech platforms seek to take advantage of this by leveraging technological savviness in markets that, historically, have not been subject to disruptive technological advancements. …
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