https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2394/Forms-And-Electronic-Standards-A-New-Relationship/
... Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Forms And Electronic Standards: A New Relationship 4/30/2013 12:00:00 AM by CompleteMarkets Editor , Martin Taylor This content has not been rated yet. Headlines in trade magazines and major newspapers announce thrift charters being approved for insurance companies, agreements being reached between federal bank regulators and state insurance departments, and financial services reform. In many ways, banks continue to increased their involvement in the Property/Casualty insurance market. Although consumers can benefit from this trend, it's important that all state and federal regulators be involved in this process. The ultimate goal, after all, is to protect consumers ... insurance policies have been sold so far. As far as the future is concerned, we see the [bank and agency] relationship as a growing part of the agency's business, ' said Rhea Fountain III, president of the agency. John Willemsen, president of Advantage Risk Management Services, Inc., in Kinnelon, NJ, is an MGA providing a host of insurance and risk-management programs for school board and municipal accounts. He sees many advantages for both banks and agents. Today's insurance market is certainly a dynamic one, ' Willemsen said. The consolidations and mergers of large brokerages and those of insurance carriers have made doing business in today's market very competitive and constantly emerging. Combine this synergy with the entire banking and insurance issue, and I feel the market dynamics will continue to expand. ...