5 Pro Tips for Surplus Lines Compliance
When first starting business in the non-admitted market, the to-do list of compliance tasks can feel intimidating. There are lots of new requirements and procedures to master, and the stakes are high, for both your bottom line and your regulatory reputation. Here are five pro tips for surplus lines compliance.
5 Tips for Increasing Employee Retention in Insurance
With economic challenges ahead and competition for talent high, companies must focus on not just hiring new employees but retaining their most experienced and productive ones. Here are five tips to consider when it comes to your enhancing your talent retention strategy.
ReSource Pro Hires John Spencer as Senior Director, Operations
Spencer’s responsibilities will encompass standardizing organizational structures, onboarding practices, and business integration systems across ReSource Pro’s global enterprise.
Use Case: Comprehensive Training for a New Policy Administration System
A specialty carrier was seeking to implement a new administrative system with a facilitated training curriculum for end users. As the carrier was focused on the technology build, testing, and launch of the new system, they realized they needed a partner who could support the training curriculum build and deployment.
Buying an Agency vs. Buying a Book of Business
Insurance agencies often ask for help with “tidying up” insurance licensing or Secretary of State filings for newly acquired or merged business entities. Unfortunately, sometimes it is not possible. In some cases, they haven’t bought the agency, only some or all of its book of business, or have no legal standing to take any action that impacts the licensing or other regulatory filings for the entity.
How To Assess Your Organization’s Automation Readiness
Determining whether automation makes sense for your insurance organization requires assessment across multiple areas—your people, your business process, and your technology systems. It is critical to understand each area while considering implementing automation.
6 Trends Impacting Retail Insurance Agencies & Brokers
Between economic and talent challenges, increasing compliance obligations, and more, 2023 is set to be another interesting year for the insurance industry. Let’s explore the top trends affecting the space today and examine the impact they’ll have on retailers.
ReSource Pro Hires Thad DeBerry as Partner, Consulting
ReSource Pro, a provider of services for the property-casualty insurance industry, has named Thad DeBerry as a partner in its consulting team.
Frank Pennachio on Self-funded Health Plans
Frank Pennachio, Practice Leader, Growth Solutions, wrote for BenefitsPRO about the misconceptions and risks of self-insurance.
Opportunities Abound for Agents in E&S Market
The excess and surplus lines insurance market has long been a source of solutions for companies with emerging and difficult-to-place risks. The steady growth in E&S premium volume over the past two decades have made non-admitted business attractive for agencies and brokerage firms.