Digital Insurance’s Post

What a Professional Broker Does! I remember standing outside my boss's office, Frank X. Boylan, SVP of Financial Insurance (and legend in the insurance industry-in London they called him the "X" man) at Alexander and Alexander in 1982. A gentlemen walked into the office, who was from a competing broker, and asked Frank for his recent paper on International Performance Guarantees. Frank spoke with him briefly and gave him a copy and he went on his way. I asked Frank why if he was a competitor were you willing to give him that information which took you a great of time and effort to put together? Frank turned to me and said that it was in the best interests of the industry that everyone should have the information that way more clients would be better served, particularly with regards to new and better product developments. So, the question remains who were the brokers for Pitney Bowes's, Procter & Gamble, Cable Systems, Steelcase, et al who had success or some success with integrated benefits? Why didn't they do the analysis and product development work that was demonstrated by my former boss Frank X. Boylan? We know many brokers are lazy and greedy but that doesn't excuse them from their responsibilities. The role of the broker is to discuss the nature of a client's risks, give advice where appropriate in the management and mitigation of those risks, work with the client identifying the appropriate insurance coverage for those risks and ultimately negotiate coverage in the marketplace. Integrated benefits was a new and better way to manage and mitigate risk for employers that was accessible to the broader insurance brokerage marketplace at least as early as the June 1999 when the Integrated Benefits Institute Employer Profile on Pitney Bowes successful efforts with integrated benefits came out. Brokers had a duty of prudence, much like their employer clients, to use available information and develop integration and market it, since it had been demonstrated to achieve significant savings (improved quality is inherently acquired through integration). Too bad the health benefits insurance brokerage industry didn't have a Frank X. Boylan.

PRESS RELEASE TW Group Joins World Insurance Associates ISELIN, NJ - World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced today that it acquired the business of TW Group, Inc. (“TWG”) of Westmont, IL on December 31, 2023. Terms of the transaction were not disclosed. TWG was founded in 1946 and provides insurance to individuals and businesses. They specialize in business, personal, life and health insurance. “Our mission has always been about working hard to establish trusting client relationships,” says Thomas J. Walsh, President, TW Group. “We look forward to joining World and are committed to continuing the tradition that our family founder, Thomas J. Walsh Sr. started—to build relationships with our clients, one customer at a time..” “On behalf of the World family, I would like to welcome TWG,” says Rich Eknoian, CEO and Co-Founder of World. “They have a team of experienced insurance professionals that are committed to helping their customers find products and services that meet their needs. They will be a great addition to World.” Giordano, Halleran & Ciesla provided legal counsel and TAG Consulting Services advised World on the transaction. Donatelli & Coules, Ltd. provided legal counsel and The Manhattan Group advised TWG on the transaction. No other advisors, diligence firms or legal counsel were disclosed. About World Insurance Associates LLC World Insurance Associates LLC (World) is headquartered in Iselin, N.J., and is a nationally ranked, full-service insurance organization providing individuals and businesses with top products and services across personal and commercial insurance, employee and executive benefits, retirement and financial services and human capital management solutions. Since its founding in 2011, World has completed over 200 acquisitions and serves its customers from more than 250 offices across the United States. World is ranked #28 on the 100 Largest Brokers of U.S. Business list by Business Insurance, ranked #3 on the Fastest Growing Brokers list by Business Insurance, ranked #3 on the Fastest Growing Benefits Brokers list by Business Insurance, ranked #15 on the Top 100 P&C Agencies by Insurance Journal, ranked #19 on the Top 50 Personal Lines Agencies and ranked #19 on the Top 50 Commercial Lines Agencies by Insurance Journal. For more information, please visit www.worldinsurance.com. Media Contact: Jean Wiskowski, Chief Marketing Officer World Insurance Associates LLC 732-380-0900 Ext. 736 jeanwiskowski@worldinsurance.com Mergers & Acquisitions Contact: Bradley Unger, Senior Vice President, Business Development World Insurance Associates LLC 732-712-2230 Ext. 186 bradleyunger@worldinsurance.com

Exciting news! 🚀 Oona Insurance is teaming up with InsureMO to lead the digital evolution in Southeast Asia's insurance sector. This partnership is all about advancing our commitment to providing top-notch digital insurance services. Stay tuned for more innovative solutions! 🌟 #InsurTech #Partnership #DigitalTransformation #OonaInsurance

The current demand for insurance sales and marketing experts! By: Lolly Leger Visionary Health Lolly@visionary-health.com Insurance sales and marketing experts are generally in demand due to the continuous need for insurance products and services. Insurance is a vital industry that provides financial protection and risk management for individuals, businesses, and various sectors of the economy. As new insurance products are developed and existing ones are revised, there is a consistent need for professionals who can effectively market and sell these offerings. Several factors influence the demand for insurance sales and marketing experts: * Economic Conditions: Economic fluctuations can impact the demand for insurance products. During economic downturns, individuals and businesses might prioritize cost-cutting measures, potentially affecting demand for certain types of insurance. Conversely, economic growth can lead to increased demand for insurance as people have more assets to protect. * Regulatory Changes: Changes in insurance regulations can affect the industry's landscape and drive the need for experts who understand and can navigate new compliance requirements. * Technological Advancements: The insurance industry is increasingly incorporating technology, such as digital marketing, data analytics, and online sales platforms. Professionals who can leverage these tools effectively are in demand. * Specialized Insurance: Niche insurance markets, such as cyber insurance, climate-related coverage, and other emerging areas, may require experts who understand the unique challenges and opportunities associated with these products. * Customer-Centric Approach: As customer expectations evolve, insurance companies seek experts who can create customer-centric marketing strategies and enhance the overall customer experience. * Competition: The insurance industry is competitive, and companies are continually seeking innovative ways to differentiate themselves. Skilled sales and marketing experts who can help companies stand out are valuable assets. To get the most accurate and up-to-date information on the current demand for insurance sales and marketing experts, I recommend checking job search websites, industry reports, and networking with professionals in the insurance sector. It's also important to stay informed about any recent trends, developments, or changes in the insurance industry that might affect the demand for these roles.

🗣️ Hey LinkedIn network! Today, I want to shed light on the incredible value that insurance brokers bring to the table and highlight the reasons why partnering with them is crucial in today's complex insurance landscape. 🤝 🔍 Insurance can be a labyrinth of policies, jargon, and fine print. With ever-evolving risks and regulations, navigating the insurance market alone can be a daunting task for individuals and businesses alike. However, fear not! Insurance brokers are here to guide you through this maze and ensure that you make well-informed decisions. 🌐 🔒 Protection is the name of the game, and insurance brokers are your trusted allies in safeguarding your assets, mitigating risks, and securing your financial future. Here's why having an insurance broker is of utmost importance: 1️⃣ Expertise and Market Knowledge: Insurance brokers are seasoned professionals with deep industry knowledge. They understand the nuances of various insurance policies, coverage options, and market trends. By leveraging their expertise, they can tailor insurance solutions to your unique needs, ensuring you have the right coverage at the right price. 2️⃣ Unbiased Advice: Unlike insurance agents who work for specific insurance companies, brokers are independent intermediaries. They represent you, the client, and not any particular insurer. This impartiality allows them to provide unbiased advice, evaluate multiple options, and negotiate on your behalf, ultimately securing the most favorable terms and conditions. 3️⃣ Time and Effort Savings: Researching, comparing policies, and filling out endless forms can be time-consuming and overwhelming. Insurance brokers take this burden off your shoulders. They do the legwork, analyze the market, and present you with tailored options, saving you valuable time and effort. Focus on what you do best, and let the experts handle your insurance needs. 4️⃣ Claims Advocacy: In the unfortunate event of a claim, insurance brokers act as your trusted advocates. They assist in the claims process, ensuring that you receive fair and prompt settlements. Their expertise helps navigate complex procedures, maximizing your chances of a successful outcome. Your peace of mind matters, and brokers are there to provide it. 5️⃣ Ongoing Support and Risk Management: Risk management is an ongoing process, and insurance brokers are your partners throughout the journey. They proactively review your policies, assess evolving risks, and adapt your coverage accordingly. This continuous support ensures that your insurance portfolio remains robust and aligned with your changing needs. 💼 Whether you're an individual seeking personal insurance or a business owner safeguarding your operations, partnering with an insurance broker is a strategic decision. Their knowledge, guidance, and unwavering commitment to your best interests make them an invaluable asset in today's complex insurance landscape. #InsuranceBrokers #RiskManagement #ProtectionMatters

"Why You Need Stephen Lawson's Services as Your Insurance Broker" Choosing the right insurance broker is a critical decision that can have a profound impact on your financial security and peace of mind. Stephen Lawson stands out as a trusted and experienced insurance broker who can offer you unparalleled value and expertise. current the Digital Marketing Manager of Risk Management and Advisory Services Limited, on of the top giant in the insurance brokerage firms. 1. Extensive Industry Knowledge: With years of experience in the insurance industry, Stephen Lawson possesses an in-depth understanding of various insurance products and their intricate details. Whether you're seeking coverage for your home, business, health, or travel, Stephen's knowledge ensures that you'll receive the most suitable and comprehensive policies tailored to your unique needs. 2. Personalized Approach: Stephen takes the time to listen and comprehend your individual circumstances and concerns. By truly understanding your requirements, he can craft insurance solutions that align with your goals and provide the necessary coverage without unnecessary frills. 3. Access to Multiple Providers: As an independent insurance broker, Stephen has access to a wide range of insurance providers and their offerings. This access allows him to compare policies, coverage limits, and pricing to secure the best options for you. You can trust that he will scour the market to find the most cost-effective and comprehensive solutions. 4. Expert Guidance: Insurance can be complex, with intricate policy language and numerous options. Stephen's role is to demystify this complexity for you. He will explain the terms, conditions, and coverage in a clear and understandable manner, ensuring that you are well-informed before making any decisions. 5. Advocacy and Support: Should the unfortunate occur, and you need to file a claim, Stephen Lawson is your advocate. He will guide you through the claims process, ensuring that you receive the rightful compensation in a timely manner. This support during challenging times is invaluable and a testament to his commitment to his clients' well-being. 6. Ongoing Review and Adaptation: Your insurance needs may change over time due to life events, career advancements, or personal milestones. Stephen offers a proactive approach by regularly reviewing your policies to ensure that they remain relevant and continue to provide adequate protection. In the complex world of insurance, having an experienced and dedicated insurance broker like Stephen Lawson by your side is a game-changer. With his commitment to personalized service, extensive industry knowledge, and access to a multitude of providers, you can rest assured that your insurance needs are in capable hands. Contact Stephen today to experience the difference firsthand and secure your financial future with confidence.

🔑 Decoding Agency Expiration Lists🔑 In the intricate realm of insurance agencies, 🏛️ an "Agency Expiration List" is more than just a compilation of dates. 📆 It's a potent tool that signifies authority, bolsters relationships, and holds the promise of shaping your agency's destiny. �� Let's break it down and explore its meaning, authority, distribution dynamics, and the invaluable utility it brings to your doorstep. 🔍 Meaning at Its Core: The Blueprint of Client Relationships 🔍 At its heart, an Agency Expiration List is a meticulously organized catalog 🗂️ that details the renewal dates of your clients' insurance policies. It encapsulates the essence of your agency owner's past and present connections, portraying a vivid picture 📸 of your client base's journey. Every entry is a snapshot of trust earned, promises kept, and financial security nurtured. 🤝 💼 Authority Embodied: A Testament to Trust and Reliability 💼 Possessing an expiration list isn't just about having data; it's about wielding authority. 🏆 Clients entrust your agency owner with safeguarding their future, and the expiration list is a tangible testament to that trust. When your agency owner can fluently navigate the labyrinth of policy renewals, they exhibit your agency's command over the intricacies of the insurance landscape. 🌐 It speaks volumes, reaffirming your agency owner's reliability and their unwavering commitment to your clients' well-being. 🗣️ 🗄️ Distribution Dynamics: A Balancing Act Between Carriers and Agents 🗄️ The Agency Expiration List is a dynamic ledger that orchestrates a delicate dance between carriers and agents. It's a symphony of collaboration and strategy, where the distribution of renewal data is a vital performance. The synergy lies in sharing essential information, ensuring timely renewals, and harmonizing client engagement. 🎶 🛠️ Utility Unveiled: Charting the Path to Future Success 🛠️ An Agency Expiration List is your agency owner's compass 🧭 to steer your agency toward prosperity. It's more than just a collection of dates; it's a strategic blueprint that shapes their interactions. Armed with this list, your agency owner can proactively engage with clients, offering timely guidance and support. ✉️ As renewal dates approach, they have the opportunity to reassess coverage, propose enhancements, and tailor solutions to evolving needs. Your agency's value proposition becomes a living, breathing entity, adapting to the ever-changing insurance landscape. 📈 In a world where information is king, your agency expiration list is the crown jewel in your agency owner's arsenal. 🏰 It exudes authority, fosters meaningful relationships, and offers a roadmap to future growth. By harnessing the power of this list, your agency owner elevates their agency's standing and embarks on a journey of continued success. 🌟 #agents #insuranceindustry #expirationlist #insurance

*Unlocking Opportunities for Insurance Agents and Companies on GOODYASK:* *Collaborative Marketplace:* GOODYASK serves as a dynamic platform connecting insurance agents and companies with a diverse range of vendors and customers. This collaborative marketplace enables seamless partnerships and expands the reach of insurance services. *Tailoring Solutions for Clients:* Insurance professionals on GOODYASK have the flexibility to customize insurance offerings based on the unique needs of customers. This tailored approach ensures that clients receive comprehensive coverage that aligns with their specific requirements. *Expanding Service Reach:* GOODYASK introduces new customers to insurance agents and companies through its extensive service area. This expansion of reach opens up opportunities for professionals to engage with a broader audience and grow their client base. *Efficient Communication and Transactions:* The platform facilitates efficient communication between insurance professionals and clients, streamlining the process of providing quotes, addressing inquiries, and finalizing insurance policies. This enhanced communication contributes to a seamless customer experience. *Data-Driven Insights:* GOODYASK provides valuable data-driven insights to insurance professionals, helping them understand client behavior, market trends, and preferences. This information empowers agents and companies to make informed decisions, adapt strategies, and stay competitive in the insurance landscape. *Centralized Hub for Transactions* : GOODYASK serves as a centralized hub for insurance transactions, fostering strong relationships between insurance professionals and clients. The platform's features ensure transparency, trust-building, and effective management of insurance services. *Indian Insurance Landscape Support:* GOODYASK is committed to supporting insurance agents and companies in India, offering an ideal platform to enhance their presence in the insurance market. With its extensive service offerings and wide customer base, GOODYASK stands out as the best platform for any kind of service provider, especially insurance professionals. 📲 Connect with us today! 💁♀️ For more details! 🤳 Download our Mobile app: https://lnkd.in/g7XT_Qud 🪩 Visit our website: https://goodyask.in/ 📝 Best regards, Raju Anbarasan Founder & CEO, GOODYASK +91 8123467667 🎼 LinkedIn: https://lnkd.in/gPsjcnvH In conclusion, GOODYASK's online marketplace stands as the premier platform for insurance agents and companies, offering a collaborative space, personalized services, and extensive reach to connect with a diverse customer base.

*Unlocking Opportunities for Insurance Agents and Companies on GOODYASK:* *Collaborative Marketplace:* GOODYASK serves as a dynamic platform connecting insurance agents and companies with a diverse range of vendors and customers. This collaborative marketplace enables seamless partnerships and expands the reach of insurance services. *Tailoring Solutions for Clients:* Insurance professionals on GOODYASK have the flexibility to customize insurance offerings based on the unique needs of customers. This tailored approach ensures that clients receive comprehensive coverage that aligns with their specific requirements. *Expanding Service Reach:* GOODYASK introduces new customers to insurance agents and companies through its extensive service area. This expansion of reach opens up opportunities for professionals to engage with a broader audience and grow their client base. *Efficient Communication and Transactions:* The platform facilitates efficient communication between insurance professionals and clients, streamlining the process of providing quotes, addressing inquiries, and finalizing insurance policies. This enhanced communication contributes to a seamless customer experience. *Data-Driven Insights:* GOODYASK provides valuable data-driven insights to insurance professionals, helping them understand client behavior, market trends, and preferences. This information empowers agents and companies to make informed decisions, adapt strategies, and stay competitive in the insurance landscape. *Centralized Hub for Transactions* : GOODYASK serves as a centralized hub for insurance transactions, fostering strong relationships between insurance professionals and clients. The platform's features ensure transparency, trust-building, and effective management of insurance services. *Indian Insurance Landscape Support:* GOODYASK is committed to supporting insurance agents and companies in India, offering an ideal platform to enhance their presence in the insurance market. With its extensive service offerings and wide customer base, GOODYASK stands out as the best platform for any kind of service provider, especially insurance professionals. 📲 Connect with us today! 💁♀️ For more details! 🤳 Download our Mobile app: https://lnkd.in/dpJAjdJc 🪩 Visit our website: https://goodyask.in/ 📝 Best regards, Raju Anbarasan Founder & CEO, GOODYASK +91 8123467667 🎼 LinkedIn: https://lnkd.in/g3fg7_FJ In conclusion, GOODYASK's online marketplace stands as the premier platform for insurance agents and companies, offering a collaborative space, personalized services, and extensive reach to connect with a diverse customer base.