This put up is a part of a sequence sponsored by AgentSync.
When Service Insurance coverage Corporations determined to develop nationwide, what was as soon as a mildly cumbersome activity (for simply the state of Texas), morphed right into a Herculean problem. The shift from a state-specific focus to a nationwide presence meant grappling with the patchwork of producer licensing laws and processes throughout all 50 states.
This new problem led Service Insurance coverage Corporations to discover a new answer. By partnering with AgentSync, this employees compensation insurance coverage chief was capable of take what had beforehand been days of labor down to only a few minutes.
Learn Service Insurance coverage Corporations’ full success story right here
The earlier than state: low-tech and tedious
Jay Howard, Director of Compliance and Danger Administration at Service Insurance coverage Corporations, discovered himself on the helm of a newly established compliance division, as the corporate started its transition from working solely within the state of Texas to offering employees compensation insurance policies nationwide.
Traditionally, appointing producers in only one state was sufficient to take up Howard’s weekends as a result of he needed to fill out paper kinds by hand and mail them to the Texas Division of Insurance coverage with a verify for every producer. Howard instantly knew that he couldn’t scale up Service Insurance coverage Corporations’ nationwide presence with out the assistance of recent expertise to expedite the method.
Makes an attempt at an answer
Earlier than diving into AgentSync, Howard’s small compliance staff tried making do with one thing the corporate already had: an IT ticketing system. They rapidly realized the downsides of attempting to make use of the unsuitable instrument for the job. Like many groups that attempt to repurpose one thing they’ve into what they really want, the “answer” created as many new issues because the few issues it improved.
Howard quickly realized the one actual answer to his staff’s drawback was to discover a fashionable expertise platform that was deliberately constructed with compliance administration in thoughts. Fortunately, given the intense nature of market conduct and the scrutiny each insurer is beneath, Howard stated he didn’t have a tough time making the case for an automatic compliance answer to his leaders at Service Insurance coverage Corporations.
The answer that stood out from the group
“AgentSync’s agility was a giant promoting level for us. That, and the safety and cloud-based nature we noticed AgentSync had set it aside from others we have been contemplating, particularly from our technical stakeholder’s perspective.”—Jay Howard, Director of Compliance and Danger Administration
With management’s buy-in, Howard began his seek for the suitable insurance coverage compliance expertise answer. For a lot of in his place, getting the IT division’s buy-in is a problem when any new software program. Fortunate for Howard, an IT chief was truly the primary one to recommend having a look at AgentSync.
As soon as Howard dug deeper, it was clear that AgentSync stood out from the competitors. Service Insurance coverage Corporations prioritized info safety and the technical agility of their answer, each of which have been key promoting factors once they examined AgentSync.
How AgentSync helps Service Insurance coverage Corporations
With AgentSync, the time to handle producer appointments plummeted from two days to mere minutes, permitting Service Insurance coverage Corporations to:
- Eradicate time-consuming and laborious duties that employees beforehand needed to work additional time to finish
- Get pleasure from full peace of thoughts that no producer is promoting in any state with out the suitable appointments
- Present everybody from the compliance staff, accounting, management, and regulators fast entry and a clear view of any info they want
- Shortly export knowledge at regulators’ request with out spending any additional time
Moreover, AgentSync’s affect at Service Insurance coverage Corporations prolonged past operational efficiencies. It essentially improved the every day work life for these answerable for managing agent appointments and compliance. “The primary profit I seen once we received AgentSync was that I wasn’t spending my weekends catching up on processing appointments by hand anymore,” Howard shared.
Learn Service Insurance coverage Corporations’ full success story right here
Prepared to remodel your compliance course of?
If Service Insurance coverage Corporations’ journey from compliance chaos to streamlined effectivity resonates with you, it’s time to discover what AgentSync can do in your group. Contact us in the present day to talk with one in all our insurance coverage compliance consultants.
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