All insurance carriers establish business goals and strategies to achieve healthy revenue growth. With agents and advisors being their most important business partners, systems for managing their compensation play a major role in achieving the targeted growth.
The main barriers to achieving revenue growth are limited technology and resources within the insurance industry. This leads to insurance companies regularly having problems collecting data and communicating on-going results to their stakeholders.
Modernizing is the only way to profitably grow your insurance business. And when you do, modernize your compensation with an application that integrates with the entire distribution process –recruitment and on-boarding, agent lifecycle management and compliance, analytics, and finally sharing information via a self-service portal.
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