Resourceful Thinking

THE OFFICIAL BLOG OF RESOURCE PRO

How Millennials Shop and Buy

May 12, 2015 / by ReSource Pro Editorial Team

Millennials are your next big insurance client segment, and they shop differently from the generations that preceded them. Think digital and due diligence. A Gallup study indicates insurers can make headway using five basic steps. 1. Leverage relationships—Members of older generations and other family members who have positive interaction with your insurance organization can influence…

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Military Guys Go CEO: ResourcePro CEO Dan Epstein Talks Strategy

May 7, 2015 / by ReSource Pro Editorial Team

ResourcePro CEO, Dan Epstein was a recent guest on Nation First Radio’s show, “Everyday Valor,” co-hosted by Kristin Beck and Maureen Brody.  Everyday Valor serves a network of military listeners and features normal people doing extraordinary things. In the April 10th radio segment, “Military Guys Go CEO,” Maureen interviews Dan, who served in the Israeli…

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What’s Bending the Industry in 2015

May 5, 2015 / by ReSource Pro Editorial Team

The buzzword of the year is disruptor. But if you are prepared for what is around the corner, you might find the word “first-mover” more appropriate. CCC Information Services provides 10 changes that will reshape the insurance industry in 2015. Millennials in the work force—Their work habits, benefits needs, salary demands, office culture and work/life…

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Independent Agents and Brokers Dominate Market

April 28, 2015 / by ReSource Pro Editorial Team

Independent insurance agents and brokers remain the dominant force in commercial lines and rival direct writers and captives in personal lines, according to the 2015 Market Share Study by the Independent Agents & Brokers of America (the Big “I”). The study, based on market share and company expense data from A.M. Best Company, indicates that…

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Poor Data Infrastructure Inhibits Analytics

April 22, 2015 / by ReSource Pro Editorial Team

With the increased focus on analytics in all areas of the insurance industry, property-casualty insurers are facing serious challenges in achieving their analytics goals. Information technology leaders at large P&C insurers suffer with obsolete data infrastructure that inhibits analytics and adds an average of 25% to the cost of IT projects, according to a new…

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Motivate Employees to use New Technology

April 14, 2015 / by ReSource Pro Editorial Team

To drive adoption of technology, you must understand what motivates the users and what kills buy-in, according to a posting on Property Casualty 360. According to a recent Novarica study, 51% of insurers plan to increase their technology budgets. Getting adoption rates up will be key to successful implementations. Mobile technology, cloud computing and policy…

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Insurance Agents E&O Expands to Cover Cyber Failures

March 10, 2015 / by ReSource Pro Editorial Team

Every agent is responsible for comprehensive recordkeeping as part of their professional standards of conduct, right? Cataloguing conversations and email exchanges and even text and voice messages is difficult enough, but now the threat of cyber invasion looms. We often think of data breaches as cyber risk issue, but when it comes to professions that…

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7 Things Millennial Workers Want

March 5, 2015 / by ReSource Pro Editorial Team

You’ve spent time and money recruiting, hiring and training your youngest employees. You’ve given them a good benefits package, decent pay and a job in a tough employment market. So why are 43% of employees in their 20s and 30s planning to look for a new job this year? Aon Hewitt, in its Inside the…

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A Look at Insurance 10 Years Out

March 3, 2015 / by ReSource Pro Editorial Team

When some of the best minds in the life insurance industry peer into their crystal balls, the view a decade out holds some amazing opportunities, according to a LOMA survey of industry leaders. Tune in, turn on or drop out seems to be one of the messages for the 10 years ahead. While the insurance…

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Reward, Communicate, Differentiate

February 24, 2015 / by ReSource Pro Editorial Team

Employee trust is in the pits, and worker engagement is anemic. With generational differences gaining attention and more than a third of employees overall looking around for a different job, how can an employer win? Aon Hewitt’s Inside the Employee Mindset took a look at what motivates employees and came up with some statistics that…

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The (Slight) Millennial Gender Gap

February 17, 2015 / by ReSource Pro Editorial Team

Millennial business attitudes vary slightly based on gender Millennials’ aspirations and attitudes toward skills, leadership qualities and the desirability of employment in specific industry sectors vary, but only slightly, based on the gender of the respondent, Deloitte’s 2015 Millennial Survey finds. The real gap is in how much they desire to hold the top position…

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Sluggish Investment Returns Pressure Other Performance Benchmarks

February 10, 2015 / by ReSource Pro Editorial Team

Sagging investment performance for property-casualty insurers has put the screws to other carrier operating segments to take up the slack. Underwriting and premium growth are natural go-to operations, but can they make up for what could be continuing anemia in the capital markets? A panel of experts at the January 2015 Property/Casualty Insurance Joint Industry…

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Millennials Reveal Attitudes on Leadership

February 5, 2015 / by ReSource Pro Editorial Team

Millennials, those born after 1982, want companies they join to focus on improving society, according to Deloitte’s 2015 Millennial Survey. They are interested in job creation, profit generation and innovation, and 60% say they chose their employer based at least in part because the company provided a sense of its own purpose. Businesses identified by…

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CEO Dan Epstein Named to IBA Magazine’s Hot 100 for 2015

February 3, 2015 / by ReSource Pro Editorial Team

ResourcePro’s CEO Dan Epstein is one of 10 leaders from New York-based companies to be named to Insurance Business America magazine’s 2015 list of Hot 100 people in the insurance industry. The annual list is one of the industry’s highest distinctions, recognizing people who have substantially changed the insurance landscape over the past year. Nominated…

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Millennials Require a Digital Touch

January 13, 2015 / by ReSource Pro Editorial Team

If you want to hire, sell to, or in any way reach individuals born between the years of 1980 and 1996, the Millennial generation, you need to develop your digital presence. A website, though necessary, simply isn’t enough, and the website that you have may be of marginal value if it isn’t integrated to multiple…

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