With our challenging times and evolving customer needs, the time is right for health insurers to offer more innovative benefits. That’s the goal of SeeChange, a startup health insurer which offers new insurance plans designed to incentivize behavior change for both healthy and chronically ill members.
As per a recent Report on Agent Insight Tour conducted by AgencyPort, web based solutions are the need of the hour for carriers wishing to maintain a healthy relationship with their agents. The first decisive factor for an agent to choose a carrier is still quality of product.
The week of October 10th saw the release of the first batch of H1N1 (swine flu) vaccines. The release could have been sooner, considering that the CDC is already reporting abnormally high levels of influenza, especially H1N1, for this time of year, according to The AIS Report on Blue Cross and Blue Shield Plans, an independent monthly newsletter on business strategies, products and markets, mergers and alliances, and financing of BC/BS plans (not affiliated with BlueCross BlueShield Association or its member companies).
Any discussion about automation and distribution management in the insurance industry seems incomplete without mentioning producer portals. With a commission system integrated with a producer portal, carriers can be proactive with sales by organizing prospect information, the producers’ interaction with them, and the details of where the consumer is in the buying cycle.
It’s common knowledge today that social networking tools like Twitter and Facebook are fast emerging as effective marketing tools for many business-to-consumer companies. They enable companies to reach a wider audience in a very simple way that is part of their customers’ daily lives.
With the buzz about health care reform having relaxed recently, we would like to share our response to an overlooked statement from America’s Health Insurance Plans (AHIP) that was released on August 11, 2009, right in the thick of the most heated debates.
It’s no secret that in order for insurance carriers to sustain interest among varied consumers, they must focus on innovative product offerings, take the products to market in real time and connect with consumers at a personal level. The key to achieving these goals lays in effectively relating to producers as individual members of a greater distribution channel.
Managing General Agents (MGAs), large insurance agencies that manage over 250 career agents and smaller agencies, are plagued by unique administrative challenges. Because they sell different types of products from multiple carriers across multiple states, and pay commission to an oversized force of writing agents and general agencies.