This publish is a part of a sequence sponsored by AgentSync.
When Service Insurance coverage Firms determined to increase nationwide, what was as soon as a mildly cumbersome job (for simply the state of Texas), morphed right into a Herculean problem. The shift from a state-specific focus to a nationwide presence meant grappling with the patchwork of producer licensing rules and processes throughout all 50 states.
This new problem led Service Insurance coverage Firms to discover a new answer. By partnering with AgentSync, this employees compensation insurance coverage chief was in a position to take what had beforehand been days of labor down to simply a few minutes.
Learn Service Insurance coverage Firms’ full success story right here
The earlier than state: low-tech and tedious
Jay Howard, Director of Compliance and Danger Administration at Service Insurance coverage Firms, discovered himself on the helm of a newly established compliance division, as the corporate started its transition from working solely within the state of Texas to offering employees compensation insurance policies nationwide.
Traditionally, appointing producers in only one state was sufficient to take up Howard’s weekends as a result of he needed to fill out paper varieties by hand and mail them to the Texas Division of Insurance coverage with a test for every producer. Howard instantly knew that he couldn’t scale up Service Insurance coverage Firms’ nationwide presence with out the assistance of recent expertise to expedite the method.
Makes an attempt at an answer
Earlier than diving into AgentSync, Howard’s small compliance group tried making do with one thing the corporate already had: an IT ticketing system. They shortly realized the downsides of making an attempt to make use of the incorrect software for the job. Like many groups that attempt to repurpose one thing they’ve into what they really want, the “answer” created as many new issues because the few issues it improved.
Howard quickly realized the one actual answer to his group’s drawback was to discover a fashionable expertise platform that was deliberately constructed with compliance administration in thoughts. Fortunately, given the intense nature of market conduct and the scrutiny each insurer is below, Howard mentioned he didn’t have a tough time making the case for an automatic compliance answer to his leaders at Service Insurance coverage Firms.
The answer that stood out from the group
“AgentSync’s agility was a giant promoting level for us. That, and the safety and cloud-based nature we noticed AgentSync had set it aside from others we have been contemplating, particularly from our technical stakeholder’s perspective.”—Jay Howard, Director of Compliance and Danger Administration
With management’s buy-in, Howard began his seek for the suitable insurance coverage compliance expertise answer. For a lot of in his place, getting the IT division’s buy-in is a problem when taking a look at any new software program. Fortunate for Howard, an IT chief was really the primary one to counsel looking at AgentSync.
As soon as Howard dug deeper, it was clear that AgentSync stood out from the competitors. Service Insurance coverage Firms prioritized info safety and the technical agility of their answer, each of which have been key promoting factors after they examined AgentSync.
How AgentSync helps Service Insurance coverage Firms
With AgentSync, the time to handle producer appointments plummeted from two days to mere minutes, permitting Service Insurance coverage Firms to:
- Eradicate time-consuming and laborious duties that employees beforehand needed to work additional time to finish
- Take pleasure in full peace of thoughts that no producer is promoting in any state with out the suitable appointments
- Present everybody from the compliance group, accounting, management, and regulators fast entry and a clear view of any info they want
- Shortly export information at regulators’ request with out spending any further time
Moreover, AgentSync’s influence at Service Insurance coverage Firms prolonged past operational efficiencies. It essentially improved the day by day work life for these accountable for managing agent appointments and compliance. “The primary profit I seen after we bought AgentSync was that I wasn’t spending my weekends catching up on processing appointments by hand anymore,” Howard shared.
Learn Service Insurance coverage Firms’ full success story right here
Prepared to remodel your compliance course of?
If Service Insurance coverage Firms’ journey from compliance chaos to streamlined effectivity resonates with you, it’s time to discover what AgentSync can do on your group. Contact us in the present day to talk with one in every of our insurance coverage compliance specialists.
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