https://completemarkets.com/Article/article-post/2156/E-O-LEGAL-ACTIONS-THE-AGENCY-NEMESIS/
...ome professionally aware of your products and make every effort to communicate...al system). 6. Implements selected products (application system). 7. Arrange...
https://completemarkets.com/Article/article-post/1548/OCCUPATIONAL-EXPOSURE-TO-FORMALDEHYDE/
...ng of containers of formaldehyde products must continue to comply with the pro...
https://completemarkets.com/Article/article-post/1669/FINANCIAL-INSURANCE/
...uld be a manufacturer that has discontinued a product that has been provoking ...
https://completemarkets.com/Article/article-post/654/Best-Practices-Agencies-The-Best-Of-The-Best/
...ganizations with a wide array of products and services to offer. As such, they...
https://completemarkets.com/Article/article-post/1983/THE-FOUR-FACES-OF-PROFITABILITY-PART-II/
...#8212; the need to offer certain products or services to be competitive in yo...
https://completemarkets.com/Article/article-post/2623/Disintermediation-A-Reality-Check/
... branch offices will be disintermediated. Roughly defined, disintermediation means removal of the middle man. Do a linear projection based on historical forces and you'll conclude that the disintermediation of the agent from the Personal lines process is inevitable. After all, when Warren Buffet, Conning & Company, banks, large insurance companies, and others agree on something, they must be correct, right? Wrong! Fundamental discontinuances of major market forces have changed the rules of the insurance industry. The new rules re-establish the local entrepreneur as the force in Personal lines. Three of the most important discontinuances are: Technology empowers individuals, not institutions. Information is power, and as power decentralizes, large centralized institutions lose. The historical role of an institution being the harbinger of knowledge and skills is dead. Today's technology-personal ... direct proportion to your level of institutional bureaucracy. The skillful local entrepreneur wins! Accountability. Institutions with 800 numbers are not accountable; people are. An automated 800 number system is efficient, but wears thin when the cost advantage disappears and an accountable explanation is required. The local entrepreneur wins! Convenience. The idea of distribution to the customer is being reversed. The customer will be accessing the product. Only when a local service center is established will the customer enjoy the ultimate in convenience. The service center that can handle electronic interface while allowing for a personal walk-in tomorrow will win. The local entrepreneur wins! For the local entrepreneur to capitalize on these forces, two fundamental shifts must take place within industry minds. First, local entrepreneurs are not an arm for distribution or for sales ...
https://completemarkets.com/Article/article-post/239/Commission-Reduction-Strategies/
... 10,000 deductible on your E & O and avoid one claim, you have made an impact on profits. The other productivity problem most automated agencies have is that they still operate with basically two systems. One is the automation system and the other is the continuance of a paper filing system. The answer obviously is converting to "Transactional Filing" and the discontinuance of paper files. In fact, in E & O cases, if it is deter-mined that you maintain both automation and paper files, the courts will probably not allow the use of automation files and require the use of paper files. Many agencies use automation files as the major source of information and paper files as backup. As a result, the paper files are normally not ... there are specific actions to be taken in direct response to reductions, there are also a number of intangible actions you might consider in order to increase your income, which can positively impact reductions as well. We will discuss some of the intangibles first. There are three that we would like to feature. They are as follows: 1. Improve your renewal retention ratio. 2. Improve staff productivity. 3. Reduce your overall expenses. Improving your renewal retention ratio can have a dramatic impact on your bottom line. Consider the following scenario: A hypothetical agency produces $1 ,000,000 in gross commission revenue in 1997. The agency wants growth of 10% in gross commission for a total of $1 ,100,000 in 1998. We need to make some assumptions ...
https://completemarkets.com/Article/article-post/241/10-Basic-Planning-Initiatives-That-Will-Add-To-Your-Bottom-Line/
...lity, Health, and long-term care products, contact your carriers to find out w...eans Life insurance and all related products.)
You should be able to produc...
https://completemarkets.com/Article/article-post/1658/WHOLE-LIFE-INSURANCE-MODULE-V-F/
...ng? Comprehensive array of products. Whole Life should be one of many Life insurance products offered by the company to your clien...sing Whole Life as one of the major products in your campaign. For Personal Li...