SalesPanda’s Post

⏱️Time is Money – Quick Policy Pricing Matters! In today’s fast-paced world, speed is everything - especially in #insurance. Customers want to know the price before they dive into policy details. Quick pricing not only enhances the customer experience but also lets agents focus on what truly matters: personalized service and coverage. Check out latest article from Marcin Nowak, MBA, to learn how making insurance quoting faster and more efficient. 👉 Read More: https://lnkd.in/diJaD2Rm #InsuranceAgents #QuickPricing #CustomerExperience #Decerto #Policy #FastQuoting #InsuranceIndustry

Discover how to revolutionize the insurance buying experience with Guaranteed Rate's Digital Insurance Marketplace. Learn cutting-edge customer engagement strategies in our insightful webinar. #InsuranceInnovation #DigitalSales #CustomerExperience #insurance #insurtech #technology https://lnkd.in/eGjGNXvN

What makes agents decide which carriers to do business with? We recently surveyed over 500 independent #insurance agents specializing in P&C insurance to gain a deeper understanding of agent-carrier interactions and how the support experience influences agents’ business decisions. Check out our release for a deep dive into agents’ channel preferences, top producer frustrations, the effectiveness of #CarrierPortals, and more: https://buff.ly/3TXRiEC #InsurTech #InsuranceAgents

Explore why the insurance industry must adapt to digital-first, personalized customer experiences with insights on tech-driven strategies to remain competitive. #InsuranceInnovation #CustomerExpectations #InsurTech #insurance #insurtech #technology https://lnkd.in/eBHmTdcM

"The carriers that offer more seamless agent portal experiences and digital interaction options can help agents become more productive, accelerate sales, and ultimately grow business for both parties." Unlock insights from Glia's recent report, surveying over 500+ P&C #insuranceagents on the #carrierexperience and much more: https://buff.ly/3TXRiEC

Really excited to share this research we've been working on. How does the experience insurance carriers are providing to independent agents align with their expectations and preferences? Check out what we learned in our research of more than 500 P&C agents!

NEW on AAIS Views: "From Concept to Customer: GhostDraft Discusses the Need for Speed to Market in Insurance." Miss our latest webinar with GhostDraft? Watch the replay now on AAIS Views & our YouTube channel! Panelists discussed different strategies to accelerate product development while keeping compliant with new and emerging regulations. Attendees also learned how GhostDraft's innovative solutions help insurers stay ahead in a fast-paced industry. #Insurance #InsuranceInnovation #InsurTech #SpeedtoMarket https://lnkd.in/eT2gsK6y

Why Insurance Company is focused in Persistency & What is this ? Persistency, in the context of insurance, refers to the percentage of policyholders who continue to pay their premiums and maintain their policies over a certain period of time. It's a measure of how well an insurer retains its customers. Persistency is usually calculated as: Persistency Ratio = (Number of policies in force at the end of the period / Number of policies in force at the beginning of the period) x 100 For example, if an insurer had 1000 policies at the start of the year and 900 policies at the end of the year, the persistency ratio would be 90%. High persistency indicates: - Customer satisfaction - Effective policy servicing - Competitive products - Good claims settlement Low persistency may indicate: - Poor customer service - Uncompetitive products - High premiums - Dissatisfaction with claims settlement Insurers aim to improve persistency through: - Regular communication with policyholders - Timely claims settlement - Competitive product offerings - Effective policy servicing Persistency is a crucial metric for insurers, as it directly impacts their revenue and profitability. - #Insurance - #LifeInsurance - #HealthInsurance - #InsuranceTips - #InsuranceNews - #FinancialSecurity - #RiskManagement - #Protection - #Security - #WealthManagement - #Investment - #FinancialPlanning - #InsuranceCompany - #InsurancePolicy - #Claims - #Underwriting - #Reinsurance - #HealthcareInsurance - #AutoInsurance - #HomeInsurance - #TravelInsurance - #BusinessInsurance - #CyberInsurance - #LiabilityInsurance

The insurance industry is changing quickly due to technology and customer demands. 🗣️ Discover how to adapt to these changes by focusing on what matters to continuously meet customer expectations. https://lnkd.in/gXM2pWvA #customerexpectations #insurance #marketing

Did you know 29% of insurance customers churn after ONE bad experience? Chris McEachran dives into the top trends impacting #insurance CX in 2024 and beyond. Check it out below! 👇