Blog – Industry Updates

Although there are many ways to improve and augment efficiency of insurance operations, however there are two effective methods that could be tested to achieve successful results. Firstly, investigating alternate staffing opportunities and secondly encouraging more communicative methods in the processes. In order to reduce employee expenditure one can adopt ...
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Sustained business growth is essential for the insurance industry along with profitability, as such, it is crucial to understand how businesses need to move ahead in the right direction. To begin with, the much-hyped theory in this regard is the “alignment principle”. Now, what do we mean when we stress ...
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Each and every insurance agent is responsible for their individual recordkeeping as part of the professional standards of conduct. This involves cataloguing conversations, saving soft copies of email exchanges and even text and voicemail messages. However, with the threat of cyber crimes on the rise more than ever cyber invasion ...
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There are tremendous opportunities for obtaining greater possibilities for insurance agencies that help themselves implement the best practices in their organization. In fact, it is reported that the top 25% of agencies with a revenue earning of $5mn to $10mn have created smart operational features in their agencies and have ...
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Every customer is interested in knowing the state of affairs at their concerned insurance agency to be up to date with the matters. As such it is also a part of the know- how process to find how agencies are performing and operating. A recent survey on the best practices ...
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The insurance industry can take initiatives to give back to the communities locally as well as globally in a major way. According to a recent survey charitable giving across the P&C industry from the biggest carriers to the smallest agencies has risen by more than 15% from 2014- 2018. In ...
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There is a plethora of opportunities for generating greater profitability for insurance organizations if only they happen to implement the best practices. In a recent survey , it was found that 25% of the insurance agencies generating a revenue of 5-10$million had already adopted and paved way for smart operation ...
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In order to maximize the productivity of your Insurance back office is a consistent challenge. Even when the firm is experiencing high levels of success it has to make sure that, they are still on top of any of the potential improvements that need to be addressed. As such, it ...
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Sometimes even the most successful companies tend to become one of those that start developing standard operating procedures earlier on and consistently iterate solid well chalked out processes throughout their lifetime. A standard company lacking a strong bond of commitment of following up a strategic process will definitely not make ...
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