This submit is a part of a collection sponsored by AgentSync.
GPM Life fuels its development with the flexibility to onboard extra producers sooner with AgentSync
Govt Abstract:
With the demand for all times insurance coverage and annuities merchandise rising continuously, GPM Life needed to fulfill shopper demand by getting brokers able to promote as rapidly as potential. Sadly, they realized they have been being held again by inefficiencies of their producer onboarding and license compliance processes. That value them cash from each the interior workers facet and thru missed enterprise alternatives.
When in search of a producer administration answer, GPM Life was dedicated to discovering a accomplice who might assist them:
- Onboard producers rapidly and precisely
- Enhance inside administrator workflows
- Improve 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 day 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 energetic obligation navy 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 growing demand within the life insurance coverage and annuities area, GPM Life sought a producer administration and compliance expertise that may 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 yr to between 2,500 to three,000 per yr. Our earlier agent administration system was outdated and required too many guide steps, so we began exploring different choices that might help our development.”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 trade data impressed Moyer and his group. The AgentSync group responded to every want and requirement GPM Life raised with a complete workflow evaluation.
“We knew we had discovered a accomplice that appeared to have a very good grasp on the trade and understands our wants and what we’re doing as a company,” Moyer stated.
“I take care of too many distributors that ship their A Crew to promote you a product however, as soon as the contract’s signed, you by no means see them once more. Among the best 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 reside with the platform. I actually respect that.”
- GREGORY LAWLER, CHIEF INFORMATION OFFICER
By the point GPM Life determined to accomplice with AgentSync, Moyer and his group have been assured that AgentSync Handle was the answer they wanted to fulfill their present and future wants.
With the flexibility to nominate, handle, and terminate producers and entry up-to-date info from NIPR, AgentSync automates duties and tracks key compliance knowledge 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 stated, after seeing the ends in motion.
For Moyer, the time financial savings discovered by way of AgentSync Handle means his group can spend extra time specializing in recruiting and retaining high producer expertise and distribution companions.
The facility of self-service
Distribution channel administration is important to organizational development. However chasing down producers for the mandatory 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 knowledge, GPM Life cuts out cumbersome e mail back-and-forths and redundant knowledge entry to create a streamlined expertise for licensing directors and distribution companions.
“AgentSync’s portal offers brokers the chance to finish their profile and add their very own info, which drives enormous efficiencies for my group because the agent can now handle their very own knowledge.”
— JAY MOYER, VP – DIRECTOR OF MARKETING
With AgentSync, GPM Life has the fashionable expertise they should drive efficiencies of their end-to-end producer administration and compliance workflows, guaranteeing a aggressive edge for years to come back.
“From a expertise standpoint, AgentSync appeared way more fashionable and way more up-to-date than different techniques 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 decreased the period of time it takes to onboard new producers. Fifty-nine p.c of producers at the moment are onboarded inside two weekswith 25 p.c accomplished in every week or much less.
- GPM Life can now deal with bigger new contract quantity, with its largest accomplice growing from 70 to 100 new contracts per thirty days.
- The interior GPM Life group spends 30 p.c 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 guide.
For extra about how GPM Life has upgraded its onboarding for development, obtain the case examine.
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