This article is part of the series sponsored by ACTENTSYNC.
When M3 insurance began to expand its distribution channels rapidly, its existing permission process was not only inefficient: it has become a serious obstacle to growth. Insurance institutions located in Wisconsin need a way to quickly double, without having to sacrifice compliance or increase administrators.
Read the success story of M3 insurance immediately.
The challenge of intangible compliance
M3 insurance does not manage its producer compliance in old -fashioned or manual ways, but this does not mean that the process is efficient or seamless. For the agency’s operator relationship coordinator Kim Lockwood, her work spent in part of the management manufacturer’s license is like sending the request to the black box. Although their previous suppliers handled their permits, Lockewood continued to want to know the permission and appointment of the institution’s producer and appointment.
Lockewood recalled: “We have no visibility of what happened or things that happened.” In an industry that cannot make compliance, with the development of the company, this uncertainty becomes more and more standing. Can’t hold your feet. The challenge is to get more control and understand the producer permit without the work without exponential levels?
Scaling without rupture
In addition to the limited challenge to the status of licensed manufacturers, M3 Insurance also strives to add more manufacturers without overwhelming their internal license team. With the expansion of agents, the limitations of the old M3 insurance system have become very obvious.
Lockewood explained: “Before obtaining the agent synchronization, we have about 125 permits that we can manage at that time.” However, because they are preparing to add 100 or more new new in just one year in just one year, they are preparing to add 100 or more new. When producers, people think of how the existing way of doing things will be expanded (or not).
“As we grow more and more, if there is no agent synchronization, it will be impossible. Today, we have about 350 licensed those, and we have increased 100 agents within one year. We only have me in P & C Another person in terms of employee benefits to manage all these growth.
The demand for change is obvious, but Lockwood is worried about the implementation of a new system. With any changes in software or processes, there is a real risk of destroying business.
Rockwood said: “I am not a real technical person, so one of my biggest concerns is how long I need to learn a new system.”
Fortunately, these fears are proven to be unspecified. Lockwood pointed out that starting from ACTENTENTYNC, it takes very little time to learn technology. In addition, Lockwood carnival said: “Admentync’s staff has always been helpful, and customer service is great.”
New and improved producers join the job
Originally as a solution to solve compliance challenges, it became a powerful difference in the experience of M3 insurance producers. The agency simplifies, professional distribution channel management methods have left a deep impression that it is usually accustomed to managing their own licenses and licenses renewal, and they are usually used to managing their own licenses and licenses.
“Most manufacturers who joined M3 insurance were used to doing everything they did, so most of the manufacturers who joined M3 insurance were used to have a deep impression on them.” The service level we provide, they can’t believe we have done all this for them. “
This outstanding producer experience sets M3 insurance as different from other institutions. These institutions still require producers to work, waiting for a few weeks or even a few months to complete duplicate and manual tasks before they can start sales.
“When the new manufacturer joins the M3 insurance, we have experienced everything with them in the first week, including setting them in APSTENTSYNC and which carrier needs to be appointed. If they complete the details of the producer, they can be in the first place in the first place. Ready to sell after a week. “
The right -size manufacturer license is saved to save money
In addition to efficiency, compliance, and producer experience, investing in Admentsnc can simply eliminate unnecessary national license fees to save M3 Insurance Meal. With the help of ActenntedYNC, Lockwood can find any permission to pay in the state.
By ensuring that manufacturers obtain permission in the state they are actively selling, and by maintaining more difficult states permit, without failure, M3 insurance will reduce their costs, avoid delayed renewal fines, or have the opportunity to be unauthorized without permission. Unexpected sales.
Keep your mind with ACTENTSYNC distribution channel management
“When I click the” Renewal ‘in AopentSync, I know it has been completed, and I can forget it. This is easy. The system happens. “-Kim Lockwood, carrier relationship coordinator coordinator
Can you talk about your producer, regulator or agent license solution? If not, is this really a solution?
M3 insurance is a typical example of a large and still growing insurance company. The agency has paid too much and has obtained too little from its existing distribution channel management methods. Read their complete successful story to understand how M3 insurance has gained benefits from the benefits of automatic permission to compliance management, and immediately contact us to understand how Admentync does the same thing for you!
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