Smart Insurance Agents

OCTOBER 16, 2024

A medical health insurance broker helps you choose the best health insurance plan tailored to your needs. Unlike agents tied to one insurer, brokers work with multiple companies to give you unbiased options. This article will explain how brokers operate, the benefits of using one, and how to find the right broker for you.

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Word & Brown

OCTOBER 14, 2024

Health insurance agents and brokers often seek partnerships to enhance their business capabilities. The Value of a General Agency Partnership Many brokers – from newcomers to veterans – partner with a General Agent (GA) to boost their businesses. Word & Brown General Agency offers unparalleled support and resources.

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American Agents Alliance

DECEMBER 14, 2024

Shifting insurance market conditions will bring new risks and opportunities for agents and brokers. Adapting to these shifts will require agents to be strategic, focused, and aligned with market demands. Heres how independent agents and brokers can thrive during softening insurance market conditions.

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Zywave

DECEMBER 18, 2024

Our ultimate goal is to help insurers grow more profitably and help brokers increase premium in fast-changing coverage areas while also enabling insurance buyers to have better renewals. Registration is now open: [link]. Become a sponsor to attend the awards gala on June 12.

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Distinguished

SEPTEMBER 17, 2024

If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. Are there any emerging trends in the construction industry that are impacting builder’s risk underwriting? We bound the policy for a six-month term, and the premium was $1,300.

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Property Insurance Centre

JANUARY 4, 2024

Inflation drives up property valuations , construction costs , and insurance premiums. This has resulted in higher premiums and limited coverage in catastrophe-exposed areas. Insurers are investing in advanced technology and data analytics to improve risk assessment and underwriting processes.

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Word & Brown

NOVEMBER 12, 2024

In today’s competitive health insurance landscape, brokers face the challenge of not only understanding complex health plans but also marketing them effectively to the right audiences. These firms (and others) offer marketing solutions for independent insurance agencies and brokers. There’s also a one-time activation fee of $150.

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Distinguished

AUGUST 12, 2024

When determining the end price of a policy, our underwriters will look at a number of factors that can influence whether the final premium will be closer to 1% or 5% of the total project cost. Expertise : Our underwriters have been insuring Builder’s Risk projects for years. In most cases, you’ll get a quote back instantly.

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Word & Brown

OCTOBER 31, 2024

Read our prior post, Intro to CRM Tools for Insurance Agents, to learn more about CRM and some of available platforms. The post 5 Strategies to Help Insurance Agents Win Over New Clients appeared first on The Insurance Broker Blog.

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Distinguished

SEPTEMBER 10, 2024

However, every project is different, so underwriters will determine the final cost of a policy based on the following factors: Location : Construction sites near bodies of water, in higher crime areas, or that include some other unique risk factor would increase the cost of the policy. Sign in to our Broker Portal. Register with us.

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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.

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Distinguished

AUGUST 5, 2024

Affects homeowner premiums : If a claim needs to be made for one of your clients’ toys, that claim could lead to increased premiums on their homeowner’s insurance, a financial burden that may not be worth the claim. Property and Liability products are distributed through a national network of agents and brokers.

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Jackson & Jackson

MAY 22, 2024

For instance, properties in high-risk areas for wildfires or earthquakes may require additional coverage or face higher premiums. Additionally, factors like proximity to high-risk areas, building age, and the property’s history of claims can affect insurance premiums.

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Majesco

APRIL 25, 2024

Policy management flows smoothly from shortstop (underwriting) to second base (billing) to first base (customer service). It’s a double play—claims processed swiftly, premiums collected seamlessly, and customers satisfied. Now, imagine the infield—shortstop, second baseman, and first baseman—all working in harmony.

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Distinguished

SEPTEMBER 25, 2024

Soft costs : Additional expenses caused by a covered claim that are not related to building materials, equipment, or other hard costs; these soft costs could include additional reinspection fees, increased tax burdens, and insurance premiums. Access our online Broker Portal. Submit your client’s information for a quote.

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Distinguished

JULY 22, 2024

At Distinguished Programs, our specialty fine art and collectibles insurance offers several key advantages over relying solely on homeowners insurance: Doesn’t Affect Homeowner Premiums : If your client needs to file a claim, it won’t impact their homeowner’s insurance premiums.

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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 These types of risks often require specialized knowledge and underwriting expertise.

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Freeway Insurance

OCTOBER 26, 2023

Your age, driving record, and the insurance regulations in the state in which you live are among the chief determining factors that will set your premiums. Another way to find cheap car insurance is to reach out to an independent insurance agent. But that’s only for starters.

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Word & Brown

NOVEMBER 7, 2024

Here are seven proven techniques to help you close more sales as a health insurance agent or broker. Sell the value Make sure you talk with your customer about what makes the product you’re recommending a better choice for their specific situation, as compared to something from another carrier (or another broker).

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Jackson & Jackson

AUGUST 16, 2024

As a result, insurance companies have had to reassess their strategies for covering properties in high-risk fire zones, leading to higher premiums and coverage limitations for homeowners in these areas. Additionally, consider reaching out to local agents who have an in-depth understanding of the California insurance market.

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Majesco

FEBRUARY 22, 2024

Innovation includes exciting forward-facing technologies and creative day-to-day operation models, like underwriting transformation, that enable the company to move in new directions. With direct premiums written rising 24% as compared to 2021, MGA growth outpaced the overall P&C market by 10.5% with $85.5B

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Distinguished

NOVEMBER 7, 2024

The surety’s role is complex, as it must diligently assess the risks associated with underwriting bonds. This heightened risk necessitates more substantial bonds, often with higher premiums, to cover potential defaults or non-payment issues. Performance and payment bonds become crucial in managing these risks.

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Majesco

NOVEMBER 21, 2024

By moving the business to next-gen cloud intelligent core platforms with embedded technologies like APIs, microservices, AI/ML models, GenAI, and digital, insurers can drive down operational costs and increase premium growth…bending the cost curve and creating competitive differentiation in a tightly contested industry.

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Cowbell

APRIL 3, 2025

Here at Cowbell, we remain committed to helping policyholders, agents, and brokers gain a comprehensive view of riskinside and out. This expansion means that Cowbell policyholders now have more opportunities to refine their Cowbell Factors (our proprietary risk ratings) and potentially qualify for reduced premiums.

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Distinguished

MARCH 25, 2025

In short, their value is highly subjective and requires expertise and connections beyond most insurance agents or brokers. Here are some of the factors our expert underwriters would consider when creating a policy for your client: Collection value: The higher the collection’s appraised value, the more it will cost to insure.

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