Insurance agents have their work cut out for them. The industry changes every year—sometimes drastically. New regulations are enacted, insurer merger and acquisition activity takes place, and innovative technologies continue to come to market. The list goes on.
In recent years, a seemingly endless number of software solutions have emerged, promising to make business easier for companies in all industries.
Ten or 15 years ago, simply having a website might have done the trick for insurance agencies and brokerages.
Despite the way technology has disrupted pretty much everything in our lives, no one has figured out how to cram more hours into one day just yet.
From Uber and Airbnb to Amazon and Netflix, technology has transformed many parts of our lives over the last several years.
Back in the day, insurance agents and brokers would have to manually compile quotes from several different carriers every time a prospect reached out.
Not only did this process take a lot of time, but it also lent itself to human error. Agents and brokers would cross their fingers and hope they wrote down the right quote to relay to their prospect. Otherwise, that individual would probably look elsewhere for insurance because they made a mistake and quoted the wrong price.
Thanks to the evolution of technology, new tools enable insurance brokerages and agencies to streamline and improve the quoting and enrollment process considerably while reducing the likelihood of errors.