Property and Casualty Insurance Marketing

Property and Casualty Insurance Marketing
Author: Vanna Bondi
Publisher:
Total Pages: 96
Release: 2021-04-27
Genre:
ISBN:

Selling insurance can be tricky, especially if you're a young or inexperienced insurance agent. Insurance can sometimes be expensive and isn't a product that the customer can see, hold, or touch. This can make selling insurance a challenge for some agents, but these insurance sales tips can help! And all are inside this book! What are you waiting for? Discover the book now. You may find: Rebuttals / Common Objections How to develop a process for selling life insurance. Life Insurance sales strategies Rapport Building Systems to Determine a Death Benefit. Why people buy life insurance. Common Sales Maxims and Mistakes. Selling based on value not price. Ways to differentiate yourself in your market. and so much more Buy this book now.

How to Sell Property and Casualty Insurance 2nd Edition: Understanding Insurance Sales, Tips and Techniques.

How to Sell Property and Casualty Insurance 2nd Edition: Understanding Insurance Sales, Tips and Techniques.
Author: Michael Bonilla
Publisher: Independently Published
Total Pages: 178
Release: 2019-02-13
Genre: Business & Economics
ISBN: 9781796830897

When a marketing rep comes into your office or someone from the management team and tells you to, 'Sell the value', how often do you find yourself rolling your eyes? As a former agency owner and now a consultant, I often find myself spouting the same slogan. Why? Because, I have done it and done it quite successfully. Whenever a rep came into my office and told me to sell the value of carrier X, I would think that's something an expensive company would say or an overpriced company, because what else could they say?We've officially entered a hard market cycle in California on the personal lines side, which is strange to even say. The market has tightened up and many carriers are non-renewing or reducing underwriting appetite to not take on a lot of new business in California. This is why I started writing in 2014 and again in 2017, 2018 and 2019. In my estimation our industry is going to see a massive shift over the next 3 or 4 years. A shift from judgement underwriting to block chain and data underwriting. Artificial intelligence has already been underwriting, selling and handling claims for smaller insure-tech companies for the past 4 years. This is a prevalent trend in our industry. But, why?Why? Because, we have shifted our focus from selling peace of mind to selling a price. Why? Because, we have put more value on talking about premium, payments and price, than having hard conversations about protecting assets and families. We have shifted hard on price, and almost every insurance company has followed suit in their marketing efforts. Almost exclusively every billboard, social media ad and print ad espouses X insurance carrier savings you up to 25-43% on your insurance per year. The conversation has shifted in a way that will cannibalize our industry and wrongfully set expectations for consumers.A recent study by insurancequotes.com found that around 80% of consumers self-report in blind surveys that consumers shop or are prompted to shop based on price. This study is congruent with most studies down on consumer behaviour.

The Economics of Property-Casualty Insurance

The Economics of Property-Casualty Insurance
Author: David F. Bradford
Publisher: University of Chicago Press
Total Pages: 218
Release: 2007-12-01
Genre: Political Science
ISBN: 0226070328

The Economics of Property-Casualty Insurance presents new research and findings on key aspects of the economics of the property-casualty insurance industry. The volume explores the industrial organization, regulation, financing, and taxation of this business. The first paper, on external financing and insurance cycles, contains a wealth of information on trends and patterns in the industry's financial structure. The last essay, which compares performance of stock and mutual insurance companies, takes a fresh look at the way a company's organizational structure affects its responses to different economic situations. Two papers focus on rate regulation in the auto insurance industry, and provide broad overviews of the structure and economics of the insurance industry as a whole. Also addressed are the system of regulating insurance companies in the United States, who insures the insurers, and the effects of tax law changes in the 1980s on the prices of insurance policies.

Agencymaxx Marketing

Agencymaxx Marketing
Author: Marlin Bollinger
Publisher: AuthorHouse
Total Pages: 93
Release: 2017-01-23
Genre: Business & Economics
ISBN: 1524660779

AgencyMaxx Marketing is considered one of the property and casualty industrys most comprehensive proactive financial services cross-selling programs. The independent distribution of financial services is shifting from the traditional life and annuity agent to the banks, wire houses, and property and casualty agencies. Property and casualty agencies that previously considered the cross-selling of financial services a luxury now realize the necessity and long-term survival value of proactive marketing. This book is a must read for any agency that wants to offer a comprehensive approach to risk mitigation.