This post is part of the series sponsored by Agentsync.
The existing license process was not inefficient when the M3 insurance began to expand the distribution channel rapidly. It was becoming a serious obstacle to growth. Wisconsin -based insurance agencies needed a way to quickly twice the power of producers more than doubled, without sacrificing compliance or adding management staff.
Read the M3 insurance story now.
Invisible compliance issues
M3 Insurance did not manage producer compliance in the old -fashioned or manual method, which does not mean that the process was efficient or seamless. Kim Rockwood, an agency’s career -related coordinator, was a part of the work spent on managing the producer’s license, and felt like sending a request to the black box. The previous vendor processed the license work, but because of the lack of visibility in the process, Rockwood was always wondering about the license and appointment of the institution of the institution.
“There was no visibility in the place where things were standing,” Rockwood recalls. In an industry where compliance is not by chance, this uncertainty has become increasingly acceptable as the company grows. The challenge was that Rockwood could get more control and insights for producers’ licenses without doing exponential amounts of work?
Scaling without breaking
Beyond the task of the approved producer’s visibility on the status of the status, M3 Insurance has the ability to add more producers without overwhelming the two internal license teams. did. The restrictions on the old M3 insurance system were clearly revealed as the agency expanded.
“Before obtaining Agentsync, there were about 125 licensed, and it was possible to manage it using the system I had at the time,” Lockwood explained. However, since they were preparing to add more than 100 new producers in just one year, the idea of how to do what to do (or not) is a heart. It was the best.
“As we began to grow, it would not have been executable without AgentsuNc. We have gained about 350 licenses today, and the point of adding 100 agents in one year. And we only manage the employee on the welfare side of the employee only on the P & C side. Not “Kim Rockwood, a carrier -related coordinator.
The need for change was clear, but Rockwood was concerned about the implementation of a new system. There is a real risk to confuse business by changing software and processes.
“I’m not a real engineer,” Rockwood said. “One of my biggest fears was how long it took to learn a new system.”
Fortunately, it was proved that these fears were unfounded. Lockwood stated that it was smooth and easy to start Agentsync, and there is almost no time required to learn technology. In addition, Lockwood said, “Agentsync staff was always very useful, and customer service was surprising.”
Onboarding of newly improved producer
What began as a solution for compliance Challenge was a powerful differentiation factor for the M3 insurance producer experience. Normally, new agents, who are used to managing their own license and license renewal, were impressed by the rationalized approach to the distribution channel management.
“Most of the producers who participated in the M3 insurance are used to doing everything on their own, so using Agentsync and the work I do to do them and get many positive feedback. You can do it, “said Lockwood. “They are not used to the level of services we provide, and we can’t believe they will do everything for them.”
With this exceptional producer experience, M3 insurance is still demanded by producers repeatedly and manual tasks during onboarding before being ready to start sales. Set M3 insurance separately from other institutions.
“When a new producer participates in M3 insurance, check everything in the first week, set up with AgentSync, or decide which airline it is necessary to appoint. Completing the producer’s detailed record. Ready to sell one week after the first week.
Producer license for appropriate size to save money
Beyond efficiency, compliance, and producer experience, investment in AgentSync can save M3 insurance every year by simplifying unnecessary state license fees. With AgentSync, Lockwood allows you to find a licensing that you don’t need to pay.
M3 insurance reduces costs and is a slow renewal penalties by keeping more difficult state licenses in the state that producers are aggressively sold. Avoid the possibility of accidentally selling without a license.
Agentsync Please be assured of distribution channel management
“When you click” Update “in AgentsuNC, it is completed and you can forget it. It’s just easy. The system works. -Kimlockwood, a carrier retalation coordinator
Can you say about your producer, adjuster, or broker license solutions? If not, is that really a solution?
M3 insurance is a typical example of an insurance agent that is still growing too much, too small, from the existing distribution channel management method. Please read their complete success story Learn how M3 insurance has enjoyed the merits of real -time, automated license compliance management, Please contact us today To see how Agentsync does the same thing for you!
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