The Insurance Sales Cycle & Policy Placement Ratios: Why It Matters

The Insurance Sales Cycle & Policy Placement Ratios: Why It Matters

The Insurance Sales Cycle & Policy Placement Ratios: Why It Matters In the insurance industry, there are certain criteria that wholesalers, MGAs and agencies can use to best measure the efficiency of their business and determine key areas that need to be addressed. Two critical metrics are the sales cycle...
A Roadmap for Insurance Automation Technology

A Roadmap for Insurance Automation Technology

A Roadmap for Insurance Automation Technology Just as travelers rely on roadmaps to navigate their way, insurance entities are increasingly turning to automation technology to map out efficient routes for various processes and to address critical challenges. But what exactly does the term “automation” mean, how is it being applied...
5 Ways Technology is Helping Insurance Companies Reduce Customer Churn

5 Ways Technology is Helping Insurance Companies Reduce Customer Churn

5 Ways Technology is Helping Insurance Companies Reduce Customer Churn Did you know that in the insurance industry, it costs seven to nine times more to acquire a new customer than to retain an existing policyholder? Compared with other sectors, the insurance industry has one of the highest customer acquisition...
Insurtech Insights: Reviewing No-Code Solutions & Configuration

Insurtech Insights: Reviewing No-Code Solutions & Configuration

Insurtech Insights: Reviewing No-Code Solutions & Configuration From processing a renewal to marketing an account or quoting new business, insurance entities face a seemingly unending list of steps and processes. Luckily, today’s technology can help complete many of these time-consuming, redundant and manual tasks. When you stop and consider everything...