Digital transformation (DX) is impacting business everywhere around the globe. Unfortunately, many insurance agents and brokers who stick to old methodologies are caught in the crosshairs of this transition.
Those who decide to use technology in their business can win. Those who do not are certain to lose.
With decades of clunky workflows, reams of paper, and cumbersome software that continually needs updating, the insurance industry has a tremendous opportunity to connect with customers by leveraging digital tools in their business.
Those insurers who embrace DX are on a path to enhanced profitability, lower costs and stronger customer loyalty, according to management consulting firm McKinsey & Company.
Insurance agents and brokers can remain competitive by tapping into digital resources and tools in a number of innovative ways.
Make Informed Business Decisions
It is clear that digital strategies are being launched in many companies. Yet, some businesses are trying to create digital transformation without using existing data and analytics to make informed decisions. Others are becoming obsolete as they watch from the sidelines and do nothing at all.
Today’s DX-focused world uses data as the foundation that drives everything. Digital transformation is not even possible without tapping into existing data.
For example, your paper and computer files contain valuable insights and information about your customers wants, needs, and preferences.
Are you using this information to service your customers? Or do you simply rely on conversations to help uncover information about every situation?
Are you still:
- Using paper documents for your intake forms?
- Manually filling ACORDS for processing? and
- Investing hours of time calling for quotes?
Automated data can allow help you make smarter decisions faster, especially in today’s highly competitive insurance industry.
Keep Your Business Competitive
There is no doubt that technology can help your business grow.
The question you should be asking is, “what resources are available to help me achieve results and meet my customers’ needs?”
The good news is there is a free, no-strings-attached solution guaranteed to produce results that are easy-to-use and can earn you higher commissions.
However, simply knowing about these tools and solutions won’t do anything for you if you don’t use them.
The key to success is taking action to tap into the resources and make them part of your daily business operations.
Doesn’t getting instant indications sound a lot better than leaving messages for people that never return your calls?
Think of a new reality where you can respond to clients quickly with quotes that meet their needs.
Don’t be left in the dust by other insurers. Use technology in your business to save time while increasing your bottom line.
Experience The Results For Yourself.
Test out Syndicated’s Broker Gateway.
Not comfortable with technology? No problem. Email or call us (877-333-8195) for a quick and easy conversation.
Syndicated team members can quickly walk you through how to upload ACORDS and access more than 150+ markets.
Here’s how to access Syndicated’s Broker Gateway:
- Sign Up here and click on the link in your confirmation email.
- Get Started following these simple directions for the option you need.
The choice is yours. Remain competitive, or stay the course and get left behind. Independent insurance agencies that use technology will replace those agencies that don’t.
Let Syndicated help you embrace digital transformation and grow your business.