🏗️ Building Bridges in a Hard Market: The Art of Agent-Carrier Collaboration In today's challenging insurance landscape, the relationship between agents and carriers is more crucial than ever. Liberty’s President of Middle Market P&C, William Allen, recently shared his expertise in an Independent Insurance Agents and Brokers of America article, highlighting key strategies to strengthen these vital partnerships. 🔹 Preparation is Power: Craft well-prepared applications with clear value propositions 🔹 Communication is Key: Maintain open lines with underwriters 🔹 Proactivity Pays Off: Address potential concerns before they become issues 🔹 Transparency Builds Trust: Keep carriers updated on client developments 🔹 Mutual Understanding: Recognize the challenges both agents and carriers face 📖 Interested in learning more? Check out the full article for additional insights on navigating the hard market: https://hubs.la/Q02DW9nX0 🔗 Connect with Bill for further discussion: https://hubs.la/Q02DW9gv0 #LibertyCompany #IndependentAgent #InsuranceIndustry #AgentCarrierCollaboration #NavigatingHardMarkets #StrategicPartnerships
The Liberty Company Insurance Brokers, LLC’s Post
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Interesting article on specialization from my MarshBerry colleague Brandon Hardesty. It is best to specialize, as, Brandon points out. Everyone has top categories of clients. These are your vertical specialties. Therefore, you are a specialist in these categories. #insurance #growthstrategy #insurancesales FirstChoice, a MarshBerry Company
Vertical specialization has emerged as a transformative force, changing the landscape of the insurance brokerage business. This approach enhances client retention, fosters innovation, and builds efficiency – leading to a competitive advantage and better business growth. Read Today’s ViewPoint from Brandon Hardesty and learn more about the nuances of vertical specialization. #MarshBerry #InsuranceBrokerage #insuranceindustry
The Importance of Niche Markets and Vertical Specialization for Insurance Brokers - MarshBerry
https://www.marshberry.com
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Vertical specialization has emerged as a transformative force, changing the landscape of the insurance brokerage business. This approach enhances client retention, fosters innovation, and builds efficiency – leading to a competitive advantage and better business growth. Read Today’s ViewPoint from Brandon Hardesty and learn more about the nuances of vertical specialization. #MarshBerry #InsuranceBrokerage #insuranceindustry
The Importance of Niche Markets and Vertical Specialization for Insurance Brokers - MarshBerry
https://www.marshberry.com
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Broker's three biggest mistakes according to Brian Freeman in Insurance Business America: 1️⃣ Assuming your customer service is best in class. Don't assume, watch reviews and ratings. 🏅 2️⃣ Over-generalizing the data. Brokers provide expertise. Always use localized and specific data to deliver on this role. 🔬 3️⃣ Waiting until renewals to engage. Be proactive and intentional when communicating with clients. Thoughtful and personalized communication make a big difference to ongoing business. 🤝 There's really a lot of wisdom here - not just for brokers, but for carriers too. Sometimes it seems to me that these are all different flavors of the same thing: putting people first. 🫂 #customerengagement #customerexperience #insurance #claims #beproactive https://bit.ly/47yBrRi
Brokers' three big mistakes
insurancebusinessmag.com
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Insurance brokers and carriers have thousands of interactions with agency owners and staff, with varying degrees of success. Are you building a business contact or a relationship? Read Today’s ViewPoint from Randy Fulmer and learn best practices to develop relationships that benefit all stakeholders – from consumers to agencies to carriers. #MarshBerry #AgencyNetwork #Aggregation #InsuranceBrokerage
TREAT CARRIERS AS PARTNERS, NOT VENDORS - MarshBerry
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Insurance brokers and carriers have thousands of interactions with agency owners and staff, with varying degrees of success. Are you building a business contact or a relationship? Read Today’s ViewPoint from Randy Fulmer and learn best practices to develop relationships that benefit all stakeholders – from consumers to agencies to carriers. #MarshBerry #AgencyNetwork #Aggregation #InsuranceBrokerage
TREAT CARRIERS AS PARTNERS, NOT VENDORS - MarshBerry
https://www.marshberry.com
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Tired of Standard Insurance Forms? LION's Lloyd's Program Offers a Powerful Alternative. Let's face it: Dealing with insurance forms can be a headache. They're often long, complicated, and don't always meet your specific needs. That's where LION's Lloyd's Program comes in. We've crafted a best-in-class manuscript form that's tailored to US insurance companies like yours. Here's what makes it different: • Seamless integration with reinsurance: No more headaches trying to make different policies work together. • Customized exclusions: We work with you to create a policy that fits your unique risk profile. • Broad notice provisions: Minimize the risk of disputes and delays. • Up to $10M capacity: Get the coverage you need for D&O, ICPL, EPL, and Fiduciary lines. • Option for punitive damages wrap: Get an extra layer of protection. Why does this matter? • Unmatched flexibility and coverage: Get a policy that truly meets your needs. •Competitive terms: We negotiate fiercely on your behalf to get you the best possible price. • Peace of mind: Knowing you have the backing of Lloyd's of London, a world-leading insurance marketplace. Ready to learn more? Let's talk about how our Lloyd's program can help you build a stronger, more secure insurance portfolio. Book a 1:1 Call with us today. (Link Below) Get the LION advantage. #staycovered Natasha I. Kiemnec, ARM Mark Flippen
LION Specialty
calendly.com
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📺 Catch all the insights from our recent webinar Discover why Stuart Reid believes opportunities for smaller brokers are the best they've been in "many, many, many years." Plus, hear Kelly Ogley's perspective on why #ConsumerDuty is a game-changer for customer service. We also discussed the key findings from our latest Broker Performance Report. Watch the full recording below and download your free copy of the report. https://lnkd.in/eq_EKjCE #Insurance #CustomerService #Webinar #Broker
WEBINAR: Opportunities aplenty as brokers set for bright future - Insurance DataLab
https://www.insurancedatalab.com
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Check out our blog by Jesus Luzardo, VP, Global Head of Sales, to learn why the insurance industry should think of customers as #subscribers ➡️ https://lnkd.in/gCUdeUKc
Insurance: why to think of customers as subscribers, and how to stop them from leaving | Vindicia
vindicia.com
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