Stay competitive and sell more life insurance

Today's comments are primarily directed to my fellow agents but as a consumer, this is a great article to help you to understand how insurance companies are working hard to work for you. As an agent myself, I am definitely client focused but with an average of 4 sit down appointments and at least 10 people wanting a return phone call (and phone/internet meetings) I'm very thankful to have time saving tools and methods in place.

Here are 5 things life insurers need to do to stay competitive

A recent report from the Deloitte Center for Financial Services reveals that the industry has to keep working on areas such as targeting underserved markets, simplifying products and launching new distribution programs. Today, in the middle and the long term, the life insurance and annuities industries are going to be:

- Experiencing new avenues for expansion

- Operating in a state of perpetual limbo in terms of regulations and legislation

- Staring at a transformation in talent with millennials and an aging insurer workforce

- Transitioning from a paper form business into a digitalized business

- Dealing with cyber security risks, in terms of potential liability and harm to their reputation

- Growing due to mergers and acquisitions

READ THE FIVE THINGS HERE.

This blog is for agents and consumers and as mentioned this post is directed to agents but open to consumers. Agents who read this post were also reading: