American Agents Alliance

DECEMBER 8, 2024

Driven by rapid advancements in technology, shifting risks, and increasing policyholder expectations, the industry will likely have different products and services by the time 2025 draws to a close. Innovative digital tools can streamline underwriting while improving efficiency for insurers and agents.

Broker-Agent 40

Broker-Agent Agents Broker Risk 40

American Agents Alliance

DECEMBER 3, 2024

Agents, brokers, carriers, vendors, and others across the insurance ecosystem regularly share content, advertise, and engage with customers on various social media platforms. But for agents and brokers, the social media E&O risks should be considered before engaging on social media. Confidentiality issues.

Broker-Agent 40

Broker-Agent Broker Agents Risk 40

American Agents Alliance

SEPTEMBER 30, 2024

This is a role insurance agents often play — and disaster planning is always more effective when it is proactive. Learn more about how to help policyholders prepare for the unexpected with helpful tips. Provide a checklist so your policyholders can easily keep track of personal property.

Policyholder 40

Policyholder Broker-Agent Personal Property Agents 40

American Agents Alliance

FEBRUARY 7, 2025

Social inflation and E&O risks are connected as agents must manage policyholder expectations even as claims costs rise, premiums remain high, and denials are issued for claims policyholders expected to be covered. This could lead to an E&O claim as policyholders are disappointed in claims outcomes.

Broker-Agent 52

Broker-Agent Risk Policyholder Agents 52

American Agents Alliance

JANUARY 11, 2025

As stories of resilience and courage emerge and the fires are contained, agents and brokers provide critical insurance support for policyholders. Agents are critical in educating policyholders to help close the coverage gap and ensure those at high risk have sufficient insurance protection.

Insurance Industry 52

Insurance Industry Risk Broker-Agent Policyholder 52

ProWriters

FEBRUARY 7, 2025

No insurance broker or agent today can afford to ignore the presence of artificial intelligence in cyber security. AI-driven advancements in malicious tactics mean brokers must account for evolving risks in the underwriting process. Become a registered ProWriters broker today.

Cyber 53

Cyber Broker-Agent Broker Liability 53

American Agents Alliance

MARCH 19, 2025

Data-driven decision making can help improve retention rates by helping agents understand policyholder behavior and make adjustments proactively, before customers shop for other options. How to Use Data Analytics to Keep Policyholders Engaged Retaining a policyholder long-term leads to recurring revenue and an ongoing referral source.

Agents 52

Agents Insurance Agents Insurance Agent Policyholder 52

American Agents Alliance

JANUARY 17, 2025

Policyholders are looking for more than just the best rate for their insurance coverage. Agents who position themselves as risk resilience experts can help policyholders become more educated and aware of how to improve their risk exposure and reduce the potential of losses. Conduct personalized risk assessments.

Risk 52

Risk Policyholder Broker-Agent Agents 52

American Agents Alliance

JUNE 24, 2024

With innovations changing the way policyholders buy insurance, interact with their agents, and file a claim, the entire ecosystem looks and feels different than in the past. Utilizing technology to streamline agency operations and processes is a strategy agents and brokers can use to embrace change and use it to their advantage.

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Insurance Agency Broker-Agent Agents Policyholder 52

American Agents Alliance

JULY 12, 2024

Independent agents and brokers can differentiate their services by providing exceptional customer service. This can help agents to find new customers, but often more importantly, providing great service aids in customer retention. Provide clear and transparent communication with policyholders. Seek feedback often.

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Broker-Agent Policyholder Agents Broker 52

American Agents Alliance

NOVEMBER 9, 2024

Independent P&C agents and brokers who reside and work in this region must also know how to help policyholders manage earthquake risk. Learn more about how agents can help their policyholders manage earthquake risk in this blog. Some policyholders may be unaware of the coverage gap.

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Agents Risk Broker-Agent Policyholder 40

American Agents Alliance

MARCH 9, 2025

For agents and brokers, this is a significant opportunity to grow their business while better serving an evolving market. Womens Financial Empowerment and the Opportunities for Agents Women have historically been an underserved market in the insurance industry as men have been the primary decision makers in households.

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Agents Insurance Agents Insurance Agent Broker-Agent 52

ProWriters

FEBRUARY 23, 2025

It creates potential for legal disputes and challenges when determining whether policyholders are covered in the event of a cyber incident that could be construed as an act of cyber warfare. Given the increasing prevalence of cyber attacks in war, this ambiguity in Cyber Insurance “act of war” clauses has become a major concern.

Cyber 53

Cyber Insurer Insured Insurance 53

Cowbell

JULY 25, 2024

In a recent Cowbell Academy webinar, Cowbell partnered with DarkOwl , a leading darknet data provider, to give agents an inside look into the darknet. Before we give a brief summary of what our agents saw during the webinar, let’s take a step back and unpack: what exactly is so dark about the dark web?

Broker-Agent 52

Broker-Agent Policyholder Agents Cyber 52

American Agents Alliance

NOVEMBER 17, 2024

Rising temperatures, extended periods of drought, and the increasing frequency and severity of wildfires and other severe storms are reshaping insurance coverage and policyholder needs. Learn more about the impacts of climate change on E&O exposures for P&C agents and brokers. Underinsurance and Coverage Gaps.

Agents 40

Agents Broker-Agent Policyholder Risk 40

American Agents Alliance

OCTOBER 18, 2024

Tough insurance markets make managing the industry a challenge for independent agents and brokers. These challenging conditions call for a strategic approach focused on policyholder needs. Read on to learn more about how agents and brokers can best manage tough insurance markets.

Agents 40

Agents Broker-Agent Policyholder Insurer 40

American Agents Alliance

OCTOBER 4, 2024

Insurance customers expect a hybrid insurance experience — and agents and brokers can provide this for them. Today’s policyholders have higher expectations than ever before and they are familiar with using intuitive, advanced tech in their personal lives. The digital and traditional processes should complement each other.

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Broker-Agent Policyholder Agents Insurer 40

American Agents Alliance

NOVEMBER 15, 2024

Developing and maintaining strong, trusting carrier relationships is essential for an independent agent or broker. Collaborative partnerships with carriers improve service for policyholders, enhance an agency’s growth potential, and provide learning opportunities for agents.

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Building Agents Broker-Agent Policyholder 40

Property Insurance Centre

MARCH 19, 2024

By understanding key terms, policy details, and the rights and responsibilities of policyholders, consumers can engage with insurers more effectively, ensuring better communication and ultimately achieving their desired outcomes. By exploring these guides, individuals can gain a comprehensive understanding of why insurance is essential.

Property Insurance 52

Property Insurance Policyholder Insurer Insured 52

American Agents Alliance

OCTOBER 8, 2024

Effectively managing these risks is a critical part of agency operations for any independent agent or broker. These technologies have changed how agents and brokers manage risk and advise policyholders, introducing the potential for new E&O claims. Historical data can be useful to agents, as well.

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Claim Broker-Agent Agents Broker 40

American Agents Alliance

JUNE 25, 2024

The insurance market remains competitive for independent agents and brokers. Developing a niche market by specializing in specific insurance coverages or products is one strategy agents can use to differentiate their services. This special program allows agents to access quality markets built together with our carrier partners.

Broker-Agent 52

Broker-Agent Agents Policyholder Insurer 52

American Agents Alliance

OCTOBER 14, 2024

Understanding millennial insurance buyers and their motivations is critical for agents and brokers selling to this demographic. How to Sell to Millennial Insurance Buyers Here are some ways agents and brokers can find success when selling insurance to millennials: Understand the preferences and buying behaviors of millennials.

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Agents Broker-Agent Policyholder Insurer 40

American Agents Alliance

JULY 5, 2024

Agents and brokers can leverage data analytics to help reduce their E&O risk and mitigate losses in several ways. Ways to Leverage Data Analytics to Mitigate E&O Risk Here are some actionable ways independent agents and brokers can use data to mitigate their E&O risk.

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Risk Broker-Agent Agents Policyholder 40

Healthinsurance.org

MAY 20, 2024

In this article HealthCare.gov policyholders at risk Scammers circumvent consumers protections The damage to affected Marketplace buyers Factors that led to the alleged fraudulent activity Buyers with lower incomes targeted Is this happening in states that run their own Marketplaces? What should consumers do?

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Broker-Agent Broker Out-Of-Pocket Premium 52

American Agents Alliance

OCTOBER 24, 2024

However, the plaintiffs in this case—potentially representing more than 400,000 policyholders across the state—claim that the FAIR Plan has been issuing policies that limit coverage for smoke damage in a way that unlawfully restricts the protection homeowners should receive under California’s standard fire insurance policy.

Damage 40

Damage Claim Broker-Agent Policyholder 40

American Agents Alliance

JULY 22, 2024

Sales and marketing efforts are a part of every agent’s business. Using marketing strategies that align your agency to the local market can help an agent grow locally. This means marketing strategies designed to attract and retain more of the local market can help an insurance agent grow more quickly than a generic strategy.

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Insurance Agency Broker-Agent Agents Insurer 52

American Agents Alliance

AUGUST 10, 2024

The Role of Agents Agents and brokers can help explain these pressures to policyholders who are concerned with rates or repair costs. Another helpful tip for policyholders is to educate them about ways to manage and mitigate their individual risks.

Auto Insurance 40

Auto Insurance Broker-Agent Agents Policyholder 40

American Agents Alliance

DECEMBER 18, 2024

However, agents can pinpoint their efforts strategically by focusing on three high-impact goals. As policyholder expectations continue to evolve rapidly, insurance agents need to adapt quickly as well. Personalize communications and engagement with policyholders.

Broker-Agent 40

Broker-Agent Policyholder Agents Building 40

Zywave

NOVEMBER 6, 2024

Brokers can now leverage industry data and loss profiles from similar organizations to provide their clients with more sophisticated insight into coverage limit adequacy and potential loss gaps. ” The Cyber Quoting benchmarking and limit adequacy insights are powered by Zywave’s Commercial Analytics data.

Cyber 52

Cyber Broker-Agent Broker Commercial 52

Smart Insurance Agents

DECEMBER 9, 2024

To determine the best short term health insurance plan for your specific needs, it is advisable to consult with insurance brokers or seek guidance from licensed insurance professionals who can provide personalized recommendations based on your unique circumstances. List of Short Term Health Insurance Illinois 1. .

Out-Of-Pocket 98

Out-Of-Pocket Insurer Insured Insurance 98

Cowbell

JANUARY 13, 2025

We have prioritized market education, a crucial element in managing risk and fostering trust with our partners and policyholders. Agentic AI**: Orchestrator agents are poised to transform end-to-end processes in commercial insurance. This ambitious vision would not be possible without your trust and unwavering support.

Cyber 52

Cyber Broker-Agent Commercial Insurance Underwriting 52

Majesco

FEBRUARY 15, 2024

Carriers must balance speed and accuracy to deliver precise risk evaluation, with the expectation and result of comprehensive and fair premium pricing for both the insurer and its policyholders. Let’s Enhanced Decision-Making For brokers and policyholders, having access to timely rating information is crucial for making informed decisions.

Policyholder 40

Policyholder Broker-Agent Risk Broker 40

American Agents Alliance

JUNE 10, 2024

Independent agents and brokers need to keep up with these changes, particularly as innovations affect trends in E&O insurance. Integrating cyber coverage into E&O policies is helpful for business owners compared to purchasing separate policies and is a feature agents can look for when recommending coverage to their clients.

Broker-Agent 40

Broker-Agent Cyber Agents Policy 40

Cowbell

MAY 28, 2024

This change accelerates our three-dimensional profitable growth strategy and directly supports our broker-first approach. We are continually looking for ways to enable greater efficiency and improve responsiveness to the needs of our agents and brokers and this new role will help continue and enhance those efforts.

Broker-Agent 40

Broker-Agent Cyber Broker Building 40

Risk Management Monitor

SEPTEMBER 21, 2021

In addition to claims experts, it may also be helpful for the carrier’s loss control team to attend, as well as agent/broker staff. The policyholder’s unique objectives should drive decisions about how often to conduct the claims reviews, what types of claims to include and where to dive into the greatest detail.

Claim 75

Claim Injury Workers Compensation Risk 75

Protect Commercial Insurance

MAY 13, 2021

This covers a range of activities – for example, introducing a customer to an insurer or insurance broker, helping someone fill in an application form and sending a customer’s application to an insurer. Dealing in investments as agent. This includes recommending a specific insurance policy to a customer.

Commercial Insurance 52

Commercial Insurance Commercial Insurer Insured 52

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Louisiana Insurance Commissioner Tim Temple – a self-described “unicorn” among insurance regulators, given his decades-long background in the industry as an agent, broker, and company president – even renamed programs to address “legal system abuse” when he assumed office in January. Clear communication is key, the participants agreed.

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Out-Of-Pocket Broker-Agent Premium Claim 64