Redbird Agents

NOVEMBER 15, 2024

Recruitment: The Backbone of the Insurance Industry Insurance recruiting is more than a necessity—it’s a strategy. Strategic Recruitment Methods for Insurance Agencies Recruiting isn’t just about filling open insurance jobs—it’s about assembling an insurance team that can deliver results.

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Tosten Marketing

APRIL 3, 2025

insurance companies use social media for marketing purposes. For insurance agencies, educational videos prove particularly effective. An infographic comparing different types of life insurance policies (for example) can serve as a valuable resource for potential clients. Statista reports that 91% of U.S.

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LexisNexis

SEPTEMBER 17, 2024

With autonomous vehicles or AVs slowly gaining market share and the technology rapidly advancing, this is becoming an increasingly urgent question for insurance companies. Indeed, AV technology could upend the very foundations of the car insurance industry. First, some basics.

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ProWriters

FEBRUARY 23, 2025

Cyber operations can be conducted by state-sponsored groups, independent hackers, or criminal organizations that may claim to act on behalf of a sovereign power and its political objectives. The gray zone poses significant challenges for not only legal frameworks but also insurance policies.

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Tosten Marketing

FEBRUARY 27, 2025

However, if poor maintenance caused the roof’s condition, your insurer might deny the claim. Sprinkler System Malfunctions Damage caused by faulty sprinkler systems usually receives coverage under commercial property insurance. Insurance companies expect property owners to address these problems promptly.

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InsuredMine

MAY 2, 2024

Or what if your home insurance could send you alerts about potential risks and offer customized coverage options? These kinds of innovative services are becoming a reality thanks to insurtech, the use of technology to revolutionize the insurance industry. You might be thinking, “APIs?

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Final Expense Brokerage

MAY 10, 2024

You need to have a thorough understanding of different policy types, such as term life insurance, whole life insurance, and universal life insurance, to effectively advise clients on their options. Obtaining the Necessary Licenses and Certifications To become a life insurance agent, you must meet certain licensing requirements.

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Rough Notes

OCTOBER 1, 2024

INSURANCE-RELATED COURT CASES Digested from case reports published online COURT DECISIONS In search of defense costs Ferrellgas Partners L.P. and its subsidiaries had a claims-made policy with Zurich American Insurance Company that included a provision for the advancement of defense costs for litigation.

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InsuredMine

JULY 19, 2024

Insurance agencies once focused primarily on assessing risks, underwriting policies, and managing claims. In this context, understanding why customers might leave and taking preemptive steps to prevent churn has become a strategic imperative for insurance companies. However, the landscape has shifted dramatically.

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Leadsurance

AUGUST 1, 2023

The insurance industry, much like any other, has had to adapt and innovate to remain competitive and reach its consumers effectively. This form of interactive marketing keeps potential customers engaged longer and fosters a sense of connection and trust, which is essential in the insurance industry.

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Friendly Agent

SEPTEMBER 21, 2020

Then, you will have to submit your licensing application and go through a background check before you qualify as a licensed insurance agent. Is selling life insurance a good job at 20 years old? At 20 years old, you may be a target market of insurance companies. However, take note that there are limitations.

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American Agents Alliance

FEBRUARY 7, 2025

One of the most challenging and unpredictable issues facing the insurance industry lately is social inflation. This trend describes the phenomenon of unexpected rising insurance claim costs because of societal trends and views toward litigation. Educate policyholders about challenging hard market conditions.

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Bankers Insurance

MAY 16, 2024

The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. 2023 saw a continuation of many difficult conditions still affecting the homeowners insurance market today. WHAT HAPPENED IN 2023? billion each.

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Property Insurance Centre

JANUARY 4, 2024

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it’s important to stay informed about the latest trends and challenges affecting the market. Hurricane Harvey 2017 92.0

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Protect Commercial Insurance

DECEMBER 6, 2024

This era gave rise to specialised insurance products, covering factories, railways, and an expanding workforce. By the 20th century, the insurance industry began to reflect broader societal shifts. With data breaches, ransomware, and cyber espionage on the rise, cybersecurity has become a critical focus for companies worldwide.

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Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Opaque, ill-defined language empowers predatory “ billboard attorneys ” to define these terms themselves, contributing to pervasive policyholder distrust, said Jeff Sauls, Farmers Insurance head of legislative affairs. We want to pay claims as expeditiously as possible…. Attorney advertising – estimated to total over $2.4 court cases.

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Jackson & Jackson

AUGUST 16, 2024

These events can cause extensive damage to homes and properties, leading insurers to be more cautious in providing coverage. The increasing frequency and severity of natural disasters in recent years have made insurance companies more hesitant to take on the risks associated with insuring California homeowners.

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American Agents Alliance

AUGUST 26, 2024

Sponsored Post: The past several years in the Auto Insurance Industry have been nothing short of disruptive. Proven Success in Hard Times If recent events have taught us anything, it’s that the insurance industry can change quickly. Here are three key areas of Aspire’s framework.

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Triple-I: Homeowners Insurance

JUNE 26, 2024

This was due in part to inflation spurred by the COVID-19 pandemic and the war in Ukraine as well as longtime challenges in the state with claim fraud and legal system abuse. The legislation also ensures transparency and efficiency in the claims process and encourages more efficient, less costly alternatives to litigation.

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Property Insurance Centre

MARCH 19, 2024

It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. Consumer education ensures that individuals are prepared and protected with the proper insurance coverage and are knowledgeable about the claims process. Leads to confusion and potential gaps in coverage.

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InsuredMine

MARCH 26, 2024

The insurance industry finds itself on the cusp of a transformative era, propelled by technological advancements that present both challenges and tremendous opportunities. Insurance companies recognize the imperative to invest in modern digital technologies to achieve their goals of cost reduction and revenue growth.

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Majesco

OCTOBER 24, 2024

Integrating AI allows these teams to achieve high precision and efficiency, similar to its impact on the insurance industry. By integrating AI into their core processes, professional racing teams can achieve unprecedented levels of precision and efficiency, mirroring the transformative impact AI has on the insurance industry.

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Majesco

AUGUST 8, 2024

Data Intake – To create a group, benefits, or worksite quote, sales and underwriting teams must collect and process numerous pieces of information from RFPs, such as past plan booklets, policy summaries, employee census data, previous claims experience, and general client information (industry, company size, etc.).

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Protect Commercial Insurance

SEPTEMBER 13, 2024

Understanding the Role of Insurance Brokers Insurance brokers operate as intermediaries between clients and insurance companies. Their primary role is to offer professional guidance and services to their clients, ensuring they obtain the most suitable and cost-effective insurance coverage.

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Triple-I: Workers Compensation

APRIL 4, 2022

By Max Dorfman, Research Writer The coronavirus pandemic and the financial challenges it presents have fueled growth in captive insurance – a form of self-insurance in which one or more entities establish their own insurance company. They also may insure the risks of organizations other than their major owners.

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Protect Commercial Insurance

OCTOBER 11, 2024

The financial implications of such events are enormous and insurers certainly take notice. Insurance companies are now forced to consider the increased likelihood of such events when crafting policies. Insurance companies are making strategic moves to address the unique challenges posed by environmental risks.

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Majesco

APRIL 25, 2024

It’s a double play—claims processed swiftly, premiums collected seamlessly, and customers satisfied. The insurance infield turns grounders into outs, just as MLB infielders turn hits into double plays. For insurers, the grand slam is an exceptional customer experience with optimized operations. The ball never hits the dirt.

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Majesco

MAY 23, 2024

Insurance company profit margin results right now are like trying to keep water in a leaking bucket. Can insurers fill the bucket with the right premiums as fast as claims pour out potential profits? It’s about rethinking underwriting and claims as well as rethinking risk resilience.

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Freeway Insurance

NOVEMBER 24, 2024

So, when was car insurance invented and by who? In 1898, Travelers Insurance Company sold the first ever auto policy , kickstarting the evolution of car insurance. Key Milestones in Car Insurance History Once auto policies officially came into existence, they progressively became more widespread.

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Constant Contact

NOVEMBER 17, 2020

Whether you’re new to the insurance industry or have been at it for decades, in order to keep your business growing, you need to understand insurance marketing almost as well as you understand insurance. Include news about the insurance industry that may impact customers.

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Neilson Marketing Services

JUNE 11, 2024

Local SEO Benefits for Insurance Agencies Local SEO benefits insurance companies in many ways, including: Insurers investing in local optimization are more visible than nearby competitors that only focus on general SEO. Local clients are the backbone of independent insurance businesses. stars or above.

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Agency MVP

DECEMBER 20, 2021

This ability allows agencies to easily conduct the following tasks: Generate sales leads: Running a successful insurance company isn't just about keeping existing customers happy. AMS software allows an insurance agent to track a potential client from their first contact to the point that they sign a contract.

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InsuredMine

FEBRUARY 15, 2024

Brian Duperreault, CEO of AIG, once said, “The insurance industry is in the midst of a technological revolution. How can the insurance industry be left behind? This is where the approach to insurance operations is revolutionizing the way insurance companies operate and engage with customers.

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Majesco

JULY 25, 2024

Advanced analytics in insurance, when coupled with the right data, can identify new customers, drive operational improvements, or create better claims outcomes. For the full picture, be sure to read the Majesco Thought Leadership report, Realignment in Insurance: Legacy Core Impact.

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Majesco

OCTOBER 10, 2024

Unfortunately, that example represents the broader market and has only intensified due to rising risk and claims costs. Many insurers are primarily focused on existing, traditional products, either with enhancements or a new version of the product, as reflected in Figure 2. Leaders differentiate themselves. Not going to ITC?

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Majesco

MAY 9, 2024

We see the same approach with some insurance companies that are standing still. There are Japanese auto insurers, for example, that are currently giving dashcams to their auto drivers. The carrier has measured a reduction of 13% in their frequency of claims. It seems strange and completely counterintuitive.

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Majesco

MARCH 14, 2024

The insurance industry has its own set of trends, but in our case, it is important to distinguish between technology trends (such as cloud vs. on-premise) and pain point trends (such as increased risks and a growing number of retirements). The post What’s Next With GenAI for Insurance? or contact us for more information.

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