This publish is a part of a collection sponsored by AgentsYnc.
GPM Life drives its development with the flexibility to load extra producers quicker with Agentsync
government abstract:
With the fixed development in demand for all times insurance coverage and pension merchandise, GPM Life wished to fulfill client demand by making it attainable to promote as rapidly as attainable. Sadly, they discovered themselves below management by inefficiencies within the producer’s onboarding and license compliance course of. It spends them cash on each the within workers facet and the enterprise alternatives they missed.
When searching for a producer administration resolution, GPM Life has dedicated to discovering a accomplice who may help them.
- Onboard producers rapidly and precisely
- Enhance inner administrator workflow
- Will increase operational effectivity
AgentSync Handle does all this, and does extra by integration and automation that removes friction from the agent’s onboarding course of and removes all new agent touchpoints.
GPM Life Story
GPM Life is an insurance coverage firm specializing in life insurance coverage and pension merchandise. Based in 1934, GPM Life was constructed to fulfill the wants of energetic obligation veterans and federal workers, however over time it has expanded its product line to help people, households and seniors as nicely.
Competing with development
With rising demand within the life insurance coverage and pension sectors, GPM Life referred to as for producer administration and compliance applied sciences that streamline producers’ onboarding workflows. AgentsYnc Handle was the answer GPM lifetime required to cut back redundancy in inner administrator workflows and improve operational effectivity for steady organizational development.
“The expansion in agent contracts and recruitment has grown exponentially over the previous 5 years. It has been 2,500-3,000 per yr since we signed round 500 brokers a yr. The earlier agent administration system was outdated and we started exploring different choices that might help our development.”
- Jay Moyer, VP – Advertising and marketing Director
When reviewing producer administration options, Agentsync’s depth and breadth of trade data impressed Moyer and his staff. The AgentsYnc staff addressed every of the wants and necessities raised in a complete workflow evaluation.
“We knew we had a accomplice who actually bought an eye fixed on the trade and appeared to know our wants and what we’re doing as a company,” says Moyer.
“I promote my groups to too many distributors and promote my merchandise, however as soon as the contract is signed, I will by no means see it once more. Top-of-the-line issues about Agentsync is that there have been nice folks from day one they usually’ve been coping with them for thus lengthy since I lived on the platform. I am actually grateful.”
- Gregory Curler, Chief Data Officer
By the point GPM Life determined to accomplice with AgentsYnc, Moyer and his staff had been satisfied that Agentsync Handle was the answer they wanted to fulfill present and future wants.
Agentsync automates and tracks important compliance knowledge that GPM Life had beforehand needed to manually compile from a number of web sites and sources, with its capability to nominate, handle and entry updates from NIPR.
“Reviewing and approving an agent contract in AgentsYnc requires a 3rd of the time to carry out the identical process on one other system,” Moyer stated after seeing the outcomes of the motion.
For Moyer, the time financial savings discovered by AgentsYnc Handle means his staff can spend extra time specializing in recruiting and retaining prime producer expertise and distribution companions.
The ability of self-service
Distribution channel administration is vital for organizational development. Nevertheless, chasing the producer for the required data shouldn’t be one of the best use of Moyer and his staff’s time. By offering producers and company companions with the autonomy of managing their very own knowledge, GPM Life reduces nasty emails and redundant knowledge entry to create a streamlined expertise for licensing directors and distribution companions.
“AgentsYnc’s portal gives the chance for brokers to finish their profiles and add their very own data. This may drive nice effectivity for my staff as they permit brokers to handle their very own knowledge.”
– Jay Moyer, VP – Advertising and marketing Director
With AgentsYnc, GPM Life has the newest know-how wanted to drive the effectivity of end-to-end producer administration and compliance workflows, guaranteeing you are aggressive for years to return.
“From a know-how perspective, AgentsYnc seems way more fashionable and up-to-date than the opposite techniques we have seen, and is put in a greater place to fulfill future wants.”
– Jay Moyer, VP – Advertising and marketing Director
How Agentsync helps GPM lives:
- It has considerably diminished the time it takes to be mounted on new producers. Presently, 59% of producers are onboard. Inside 2 weeksand 25% had been accomplished inside per week.
- GPM Life will have the ability to deal with bigger new contract volumes, with the biggest accomplice rising from 70 to 100 new contracts monthly.
- The inner GPM life staff spends 30% much less time on the administration duties wanted to board a brand new producer.
- Verifying a producer license statewide is time-consuming, easy and automated.
For extra details about how GPM Life upgraded its onboarding for development, see Download the case study.
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Profession
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