Articles for category: Insurance Career Tips

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Top 6 Insurance Software Solutions for Our Insurance Agency

Choosing the Right Insurance Suite Software Choosing the appropriate insurance suite software for your agency is essential for efficiency and profitability in the quickly changing insurance market. BriteCore stands out among the leading rivals for its extensive features and adaptability. Meanwhile, White Label by Altkom Software provides a comprehensive insurance solution. End-to-End Insurance Management End-to-end ...

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Tips for Successfully Launching Your Life Insurance Sales Career

Selling Life Insurance Successfully Selling life insurance can be both rewarding and challenging. To be successful, it is essential to have the right strategy and approach. Here are some tips to help increase productivity and boost sales: Master the Basics Start by learning the fundamental rules and regulations to become a successful life insurance agent. ...

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Top 6 Insurance CRM Solutions for the year 2024

Like every other business, the insurance industry is built on the foundation of customer relationships. Whether you are an insurance agent or an agency/company, strong customer relationship management lies at the core of any business to achieve growth. Insurance CRM systems empower insurance agents and companies to deliver personalized service, improve customer satisfaction, and boost ...

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Differences between NAICS and SIC Codes

Understanding SIC and NAICS Codes Even with a plethora of industry jargon you can come across in the business world, you never know when your knowledge may get tested. For anyone looking to buy insurance or work as an insurance professional, two terms that come up a lot but are quite mysterious are SIC and ...

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Distinguished Programs Grows with Addition of New Inland Marine Team

Distinguished Programs, a prominent national insurance program manager, is expanding its offerings by launching an Inland Marine program. This program, overseen by industry expert Eric Michel, will provide comprehensive coverage for various Inland Marine exposures such as Motor Truck Cargo, Contractor’s Equipment, and Builder’s Risk. Under the leadership of industry veterans Bill Malloy, Jason Rotman, ...

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Inszone Insurance Services Increases Reach with Acquisition of Jackson Insurance Solutions

Inszone Insurance Services recently expanded its network by acquiring Jackson Insurance Solutions, a reputable firm based in New Mexico. This strategic move has increased Inszone's presence in 11 states. Founded in 2010, Jackson Insurance Solutions is known for providing outstanding services to individuals and businesses in the Albuquerque area. The acquisition allows the firm to ...

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Farmers Insurance Faces Difficulties Resulting in Major Workforce Reductions in 2023

Farmers Insurance Group Layoffs Announcement Farmers Insurance Group has recently announced plans to lay off approximately 11% of its workforce. This decision, made by CEO John Thompson, aims to create a more efficient organization in response to macroeconomic challenges. Thompson emphasized the need for decisive actions to ensure sustainable profitability. Challenges Faced by the Insurance ...

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Distinguishing Between Insurance Broker Fees and Commissions: Essential Information for Insurance Agents

The key difference between insurance broker fees and commissions is how insurance professionals get paid. Broker fees are charges paid by policyholders directly to brokers for their service in finding the right coverage. Conversely, commissions are percentage-based payments agents receive from insurance companies when policies are sold. Now, let’s dive into the details! ### Insurance ...