How Upgrade to Producer Onboarding Promotion Promotes Operator Growth: Life Insurance Company Perspective

This post is part of a series sponsored by Actentsync.

GPM Life can grow its growth with Aptentsync’s ability to join onboard producers faster

Executive Summary:

With the growing demand for life insurance and annuity products, GPM Life hopes to meet consumer demand by preparing sales agents as soon as possible. Unfortunately, they realize that during the producer onboarding and licensing compliance process, they are blocked by inefficiency. This makes them pay for their internal staff and through missed business opportunities.

When looking for producer management solutions, GPM Life is committed to finding partners that can help them:

• Ship manufacturers are quick and accurate
• Improve internal administrator workflow
• Improve operational efficiency

ActentSync Manage helps GPM Life with integration and automation to do all this and rub from the starter of the agent and waste time.

GPM Life Story

GPM Life is an insurance company specializing in life insurance and annuity products. Founded in 1934, GPM Life aims to meet the needs of active-duty military and federal employees, but over the years, its product line has also expanded services that support individuals, families and seniors.

Compliance and growth competition

As demand in the life insurance and annuity sectors continues to grow, GPM Life seeks producer management and compliance technology that will simplify the producer onboarding workflow. Actentsync Manage is the solution required to remove internal administrator workflow layoffs and improves operational efficiency for continuous organizational growth.

“Over the past five years, we’ve seen an increase in agent signing and recruiting. We’ve gone from about 500 agents to 2,500 agents a year to 3,000 agents a year. Our previous agency management system was outdated and required too many manual steps, so we started exploring other options that could support our growth.”

• Vice President Jay Moyer, Marketing Director

Moyer and his team were impressed by the depth and breadth of Aversyn’s industry knowledge when reviewing producer management solutions. The agent team responds to each requirement and demand GPM lifespan with a comprehensive workflow analysis.

“We know we’ve found a partner that seems to have a good understanding of the industry and understand what we need as an organization and what we are doing,” Moyer said.

“I deal with too many suppliers who send their teams to sell you products, but once the contract is signed you won’t see them again. One of the best things about Agentync is that we have had amazing people since day one who have continued to be responsive and communication for a long time after we used the platform. I’m really grateful.” I’m very grateful. ”

• Gregory Lawler, Chief Information Officer

By the time GPM Life decided to work with Actentsync, Moyer and his team believed ActentSync Manage was the solution needed to meet their current and future needs.

Given the ability to appoint, manage and terminate producers and access the latest information from NIPR, Actentsync automates tasks and tracks critical compliance data that GPM Life previously had to manually compile from multiple websites and sources.

“Reviewing and approving the agent’s contracts will take me one-third of my time to perform the same task in another system,” Moyer said.

For Moyer, the time savings obtained through Actentsync Manage meant his team could spend more time focusing on recruiting and retaining talent and distribution partners from top producers.

The power of self-service

Distribution channel management is crucial to organizational growth. But chasing producers to get the necessary information is not the best use of Moyer and his team’s time. By providing producers and agent partners with the autonomy to manage their own data, GPM Life cuts out tedious email and redundant data entry to create a simplified experience for licensing administrators and distribution partners.

“Admentsync’s portal gives agents the opportunity to complete profiles and add their own information, which has brought great efficiency to my team because agents can now manage their own data.”

– Vice President Jay Moyer – Director of Marketing

With Apstentsync, GPM Life has modern technology to improve efficiency in end-to-end producer management and compliance workflows, ensuring a competitive advantage over the next few years.

“From a technical point of view, Aptentsync seems to be more modern and much more updated than other systems we’re looking at, putting them in a better position to meet our future needs.”

– Vice President Jay Moyer – Director of Marketing

How Admentync helps GPM life:

• This greatly reduces the time it takes to upload new manufacturers. Now 59% of producers are on the list Within two weeksand 25% completed in one week or less.
• GPM Life can now handle a larger volume of new contracts, with its largest partner increasing to 70 new contracts per month.
• The internal GPM Life team has reduced time on management tasks required by new manufacturers by 30%.
• Verifying producer licenses in various states is simple and automatic, not time consuming and manual.

For more information on how GPM Life upgrades its onboarding growth, download the case study.

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