This post is part of a series sponsored by Ezlynx.
As an independent agent, you always have the opportunity to find new ways to diversify your business and increase your revenue. If you have spent years building a solid personal line portfolio and ready to take your agent to the next level, the commercial product line market brings incredible growth opportunities.
According to a McKinsey report, the global commercial property and casualty company (P&C) insurance line has shown strong performance, with premiums increasing by an average of 8% per year over the past five years. This growth is to not only obtain a higher premium collection, but also explore key opportunities in various segments, allowing you to develop unique niches (whether it is commercial trucks, products, or network liability, or property insurance). With this uptrend, it is a great time for agents to take advantage of the expanding commercial market.
Despite its potential, many independent agents are hesitant to enter the commercial line space, and therefore, the citation workflow is too time-consuming and complex due to the inefficiency of data collection and the need to navigate multiple carrier portals. Although these problems have been effective in the past, today’s advanced agency management tools are designed specifically to eliminate headaches that have traditionally plagued business operations. You may be wondering, how is this possible?
Among its numerous features, Ezlynx’s all-in-one proxy management system also integrates seamlessly with Tarmika, the industry’s leading commercial line reference tool. This integration simplifies quotes by allowing the agent to obtain quotes from a single key point, thus eliminating the need to flip back and forth between multiple carrier sites. By removing the burden of repetitive tasks, Ezlynx and Tarmika make it easy and confident to get agents out of their business operations from the inefficiency that once prevented them from retreating.
Save time and money with streamlined workflow
Citing multiple business lines risks has long been a time-consuming challenge for independent agents. The process of manually collecting data, re-entering it to multiple carrier portals and constantly responding to responses is tedious and inefficient.
With the current Tarmika integration in Ezlynx, the agent enters customer information at once and then sends it to Tarmika to complete the quotation process. All quote results are returned directly to the Ezlynx management system to track, simplify workflows and eliminate the need to manually re-enter data. Even if the carrier rejects the offer in Tarmika, the agent can easily generate the acord form using the same customer information (already in ezlynx) and keep the process moving without delay. This integration saves valuable time and resources, Tarmika saves an average of $50 in the quote cost, with a quote of about 80 minutes per commercial line.
Repeat tasks that leverage Ezlynx-Tarmika integrations don’t overwhelm your repetitive tasks, but will help you get rid of your management responsibilities and give you the time and energy to focus on what really matters to your agency, such as building stronger relationships with your clients.
Avoid errors and missed opportunities and make it easier to access the operator
Trying to keep up with the carrier’s ever-changing appetite and new products, it can feel overwhelmed. If your current quote portal is not integrated with your agent management system, you may spend a lot of time flipping back and forth between applications. This increases the possibility of losing important details due to inconsistent or incomplete information, making mistakes or increasing the risk of E&O claims. These inefficient workflows may also make you ignore carriers who offer better coverage options, or even miss out on the effect of raising tax rates on limited-time quotes.
Integrated in EZlynx with tarmika, independent agents connect in real time to a growing network of 35 operators and 5 essential products, including business owner policies, workers’ compensation, general responsibilities, network responsibilities, and packaging policies from top carriers such as travelers, national and freelance enterprises. Ezlynx’s Tarmika integration serves as a holistic view of all your customer choices and ensures you never miss out on providing them with the best solution.
Seize business opportunities
Expanding to new market sectors is a major decision, but independent agents no longer need to worry about the time or resources lacking technical power. Advanced tools like Ezlynx and Tarmika make breaking into business lines easier and more efficient than ever. By simplifying the citation workflow and gaining access from various carriers, agents can focus on providing the right coverage for customers – free of garbage. If you are ready to take your agency to the next level, leverage Ezlynx’s Tarmika integration to unlock business line opportunities, expand your reach and drive revenue growth.
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