American Agents Alliance

MARCH 3, 2025

New efficient processes and workflows for underwriting, claims, policy administration, billing, and customer service have been implemented across the industry. However, for agents and brokers, these new AI-driven processes can introduce new E&O risks to mitigate and manage. Document processes, recommendations, and outcomes.

Broker-Agent 52

Broker-Agent Broker Agents Risk 52

Zywave

NOVEMBER 13, 2024

We’re prepared to help you grow your distribution network, power your decision making with industry-leading data and insights and empower your teams and policyholders with industry knowledge and expertise. Policyholders are going to experience losses. And your own first-party data isn’t going to get you there.

Cyber 97

Cyber Policyholder Insurance Insured 97

Distinguished

MARCH 19, 2025

Both resolved and unresolved violations can affect the terms, premiums, and overall coverage of these policies. What role can insurance brokers play in managing these challenges for their clients? Insurance brokers are key in bridging the gap between property maintenance and insurance coverage.

Building 52

Building Broker Damage Insurance Broker 52

ProWriters

FEBRUARY 7, 2025

For both of these reasons, artificial intelligence is reshaping cyber security strategiesincluding Cyber Liability policies. No insurance broker or agent today can afford to ignore the presence of artificial intelligence in cyber security. Become a registered ProWriters broker today.

Cyber 53

Cyber Broker-Agent Broker Liability 53

Distinguished

MARCH 6, 2025

Additionally, even if insurance is provided, policies may come with exclusions that specifically limit coverage for risks related to unresolved violations. Both resolved and unresolved violations can affect the terms, premiums, and overall coverage of these policies.

Building 59

Building Damage Insurance Broker Underwriter 59

American Agents Alliance

SEPTEMBER 30, 2024

Learn more about how to help policyholders prepare for the unexpected with helpful tips. How to Help Policyholders With Proactive Disaster Planning An important start to disaster planning is considering whether or not a potential loss would be covered by insurance. Provide expert educational services for policyholders.

Policyholder 40

Policyholder Broker-Agent Personal Property Agents 40

American Agents Alliance

JANUARY 24, 2025

In a dynamic industry like insurance, agents and brokers must keep up with changes while learning new skills and staying informed on current regulations. Learn more about how agents and brokers can create and utilize a useful professional development plan then create your own.

Broker-Agent 52

Broker-Agent Broker Agents Policyholder 52

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. UBI policies use telematics and data to analyze driving behavior to dynamically determine premiums.

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. Communication challenges.

Broker-Agent 40

Broker-Agent Broker Agents Risk 40

Distinguished

MARCH 17, 2025

In New York City, housing code violations challenge property owners, tenants, and insurance brokers alike. With infractions ranging from heating failures to illegal conversions, understanding these issues is essential for assessing risk and underwriting policies.

Broker 52

Broker Insurance Broker Building Underwriter 52

Distinguished

MARCH 21, 2025

Understanding these violationsfrom heating failures to structural hazardsis essential for insurance brokers advising property owners. Both resolved and unresolved violations can affect the terms, premiums, and overall coverage of these policies. What role can insurance brokers play in managing these challenges for their clients?

Building 52

Building Insurance Broker Broker Damage 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

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 Agent Insurance Agents Policyholder 52

American Agents Alliance

JULY 12, 2024

Independent agents and brokers can differentiate their services by providing exceptional customer service. How to Maximize Customer Retention Through Exceptional Service Earn your policyholders’ loyalty by focusing on providing great service. Provide clear and transparent communication with policyholders. Seek feedback often.

Broker-Agent 52

Broker-Agent Policyholder Agents Broker 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.

Insurance Agency 52

Insurance Agency Broker-Agent Agents Policyholder 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.

Agents 40

Agents Risk Broker-Agent Policyholder 40

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. Personalize solutions for different policyholders.

Risk 52

Risk Policyholder Broker-Agent Agents 52

Property Insurance Centre

MARCH 19, 2024

It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. By being knowledgeable about insurance products, policy terms, and coverage options, consumers can choose policies that best suit their unique needs. This guide draws on some information from America as well as the UK.

Property Insurance 52

Property Insurance Policyholder Insured Insurance 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

Protect Commercial Insurance

FEBRUARY 10, 2022

Whilst we’re predominantly a commercial insurance broker, the new ruling affects our high-value household policies. Key changes The new rules have brought some key changes to the way General Insurance works: Equivalent policy premiums should not be higher for existing customers than for new customers. Speak to a few brokers.

Premium 52

Premium Broker Commercial Insurance Commercial 52

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. Here are three ways agents can better serve women policyholders: Focus on relationships and positioning yourself as a trusted advisor. Many women value long-term relationships and working with people they trust.

Agents 52

Agents Insurance Agent Insurance Agents Broker-Agent 52

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 Broker 40

American Agents Alliance

OCTOBER 24, 2024

The lawsuit, filed in Alameda County Superior Court, argues that the FAIR Plan’s handling of smoke claims falls short of the legal standards for fire insurance policies mandated by state law. In reality, the plaintiffs argue, the changes resulted in more denied claims and less protection for homeowners.

Damage 40

Damage Claim Broker-Agent Policyholder 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. Offer policyholders the option between a live consultation and a virtual one.

Broker-Agent 40

Broker-Agent Policyholder Agents Insured 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

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. Every relationship is enhanced by clear, open communication.

Building 40

Building Agents Broker-Agent Policyholder 40

Property Insurance Centre

JULY 21, 2024

Their comprehensive approach, combining expert knowledge, personalised service, and a keen attention to detail, has earned them a stellar reputation among policyholders and insurers alike. We look forward to continuing our mission of helping policyholders navigate the complexities of property damage claims with confidence and ease.”

Claim 52

Claim Property Damage Building Property Insurance 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. This helps reduce the risk of E&O claims.

Claim 40

Claim Broker-Agent Agents Broker 40

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 Insured Insurance Insurer 98

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. Analyze performance data of the agency frequently.

Risk 40

Risk Broker-Agent Agents Policyholder 40

Protect Commercial Insurance

MAY 13, 2021

This includes recommending a specific insurance policy to a customer. 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. Arranging investment deals. if you issue cover notes).

Commercial Insurance 52

Commercial Insurance Commercial Insured Insurance 52

Majesco

FEBRUARY 15, 2024

Turnarounds of weeks or days to evaluate, quote, and bind policies are simply not acceptable in today’s hyper-competitive market. 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

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. Policies have to change to keep up with technology and other risks and opportunities. Here are some trends likely to affect E&O policies: More cyber coverage will be integrated into E&O policies.

Broker-Agent 40

Broker-Agent Cyber Agents Policy 40

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.

Agents 40

Agents Broker-Agent Policyholder Insured 40

Property Insurance Centre

NOVEMBER 11, 2024

Unfortunately, customers are more often than not caught in the middle, and end up having to fork out more money to pay for policies or settle for lesser cover. Let’s have a look at them… Don’t claim for everything – One thing insurers do not like, is a policyholder that claims over multiple times a year & for the smallest thing.

Insured 52

Insured Insurance Insurer Premium 52

Property Insurance Centre

JANUARY 4, 2024

To ensure adequate coverage, property owners should stay informed about the latest trends and collaborate closely with their insurance brokers to navigate the evolving property insurance landscape. This helps to mitigate the risk of underinsured properties and ensures that policyholders have adequate coverage in place.

Property Insurance 52

Property Insurance Commercial Property Liability Insured 52

Property Insurance Centre

SEPTEMBER 25, 2024

See what is not covered in terms of events/damage for your policy and think about getting flood insurance or accidental damage insurance if desired. Accidental damage is not usually covered by a normal building insurance policy. – Failure to read particular policy documents. – Picking a low excess. What is Covered?

Building 52

Building Insured Insurance Insurer 52