This publish is a part of a sequence sponsored by AgentSync.
GPM Life fuels its development with the power to onboard extra producers quicker with AgentSync
Govt Abstract:
With the demand for all times insurance coverage and annuities merchandise rising continually, GPM Life needed to fulfill shopper demand by getting brokers able to promote as shortly as doable. Sadly, they realized they have been being held again by inefficiencies of their producer onboarding and license compliance processes. That price them cash from each the inner workers facet and thru missed enterprise alternatives.
When in search of a producer administration answer, GPM Life was dedicated to discovering a associate who might assist them:
- Onboard producers shortly and precisely
- Enhance inside administrator workflows
- Enhance operational efficiencies
AgentSync Handle helps GPM Life do all of this and extra by way of integrations and automations that take away friction from the agent onboarding course of and shave time without work each new agent touchpoint.
The GPM Life Story
GPM Life is an insurance coverage service specializing in life insurance coverage and annuities merchandise. Based in 1934, GPM Life was constructed to serve the wants of lively obligation army and federal staff however by way of the years has expanded its product line to additionally help people, households, and seniors.
Compliance competing with development
With rising demand within the life insurance coverage and annuities house, GPM Life sought a producer administration and compliance know-how that might streamline producer onboarding workflows. AgentSync Handle was the answer GPM Life wanted to chop out redundancies in inside administrator workflows and enhance operational efficiencies for ongoing organizational development.
“Our development in agent contracting and recruiting has grown exponentially over the previous 5 years. We went from contracting about 500 brokers per 12 months to between 2,500 to three,000 per 12 months. Our earlier agent administration system was outdated and required too many handbook steps, so we began exploring different choices that might help our development.”
- JAY MOYER, VP – DIRECTOR OF MARKETING
When vetting producer administration options, AgentSync’s depth and breadth of business data impressed Moyer and his staff. The AgentSync staff responded to every want and requirement GPM Life raised with a complete workflow evaluation.
“We knew we had discovered a associate that appeared to have a very good grasp on the business and understands our wants and what we’re doing as a company,” Moyer mentioned.
“I take care of too many distributors that ship their A Group to promote you a product however, as soon as the contract’s signed, you by no means see them once more. Top-of-the-line issues about AgentSync is that we had wonderful folks from day one and so they proceed to be responsive and communicative lengthy after we have been dwell with the platform. I actually respect that.”
- GREGORY LAWLER, CHIEF INFORMATION OFFICER
By the point GPM Life determined to associate with AgentSync, Moyer and his staff have been assured that AgentSync Handle was the answer they wanted to fulfill their present and future wants.
With the power to nominate, handle, and terminate producers and entry up-to-date info from NIPR, AgentSync automates duties and tracks key compliance information that GPM Life beforehand needed to compile manually from a number of web sites and sources.
“Reviewing and approving agent contracts in AgentSync takes me a 3rd of the time it will to do the identical duties in one other system,” Moyer mentioned, after seeing the leads to motion.
For Moyer, the time financial savings discovered by way of AgentSync Handle means his staff can spend extra time specializing in recruiting and retaining high producer expertise and distribution companions.
The ability of self-service
Distribution channel administration is essential to organizational development. However chasing down producers for the required info isn’t the perfect use of Moyer and his groups’ time. By giving producers and company companions the autonomy to handle their very own information, GPM Life cuts out cumbersome e mail back-and-forths and redundant information entry to create a streamlined expertise for licensing directors and distribution companions.
“AgentSync’s portal provides brokers the chance to finish their profile and add their very own info, which drives large efficiencies for my staff because the agent can now handle their very own information.”
— JAY MOYER, VP – DIRECTOR OF MARKETING
With AgentSync, GPM Life has the trendy know-how they should drive efficiencies of their end-to-end producer administration and compliance workflows, guaranteeing a aggressive edge for years to return.
“From a know-how standpoint, AgentSync appeared far more trendy and far more up-to-date than different programs we checked out, placing them in a greater place to service our future wants.”
— JAY MOYER, VP – DIRECTOR OF MARKETING
How AgentSync helps GPM Life:
- Considerably diminished the period of time it takes to onboard new producers. Fifty-nine % of producers are actually onboarded inside two weeks, with 25 % accomplished in per week or much less.
- GPM Life can now deal with bigger new contract quantity, with its largest associate rising from 70 to 100 new contracts per thirty days.
- The interior GPM Life staff spends 30 % much less time on the executive duties required to onboard new producers.
- Verifying producer licenses throughout states is straightforward and computerized as a substitute of time-consuming and handbook.
For extra about how GPM Life has upgraded its onboarding for development, obtain the case examine.
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