Dylan McDermott on LinkedIn: #epremiuminsights #rentersinsurance #epremium #liabilityinsurance… (2024)

🔍 Exploring Captive Agents vs. Brokers: A Practical GuideIn the insurance realm, securing coverage involves navigating various avenues, primarily through agents. It's crucial to differentiate between captive agents and brokers.1. Captive Agents:- Identity: These agents pledge allegiance to a single insurance company, exclusively representing its offerings.- Constraints: Their commitment to one insurer can limit your choices, as they operate within the boundaries set by that carrier.- Expertise: Captive agents excel in understanding and advocating for the products of their designated carrier.2. Brokers: The Adaptive Guides- Description: Brokers act on behalf of multiple carriers, providing flexibility in tailoring coverage options.- Allegiance: Our loyalty lies with you—the client—rather than any single carrier, granting us the freedom to explore diverse solutions.- Investigative Approach: We meticulously analyze, dissect, and evaluate options to secure policies that precisely match your needs.3. Why Opt for a Broker?- Personalization: Brokers craft customized insurance plans, steering clear of the "one size fits all" approach by comprehensively understanding your risks.- Diversity: With access to numerous carriers, we offer a spectrum of options, ensuring you find the best match.- Industry Insight: Our expertise extends beyond individual carriers to encompass market dynamics, enabling us to identify competitive options, regional preferences, and applicable discounts.----#GetProtectedWithPresley #AssetProtection #Insurance

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For many landlords and property managers, proof of renters insurance is a box to check off of a new resident’s move-in to-do list. But between forged documents and early policy cancellations, this “proof” might not provide the confirmation you think it does.Learn more about the pitfalls of the traditional proof of renters insurance process, and how to protect your business by verifying your tenants’ coverage the right way.#insuranceverification #insuretech #innovation #propertymanagement #rentersinsurance #proofofinsurance

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The future of insurance claims processing.In today's fast-paced world, customers expect their insuranceclaims to be processed quickly and efficiently. ACORN's digital solutions make this possible, providing a seamless and streamlined experience for both customers and adjusters.With ACORN, customers can file and track their claims online,and adjusters can access all of the information they need to process claimsquickly and accurately. ACORN also includes a number of features to help reduce fraud and protect customer data.If you're looking for a way to speed up your insurance claims processing and improve the customer experience, ACORN is the solution for you.#InsuranceClaims #Efficiency #DigitalTransformation | MiWay Insurance Limited | Budget Insurance | GENRIC Insurance Company Ltd |

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🚩 Going through P&C and Workers' Comp insurance renewals without meaningful input or communication from your broker? That's a red flag! ❌ If your broker isn't actively providing you with insights on market trends or explaining your coverage options, what are they doing !? 📉 Don't settle for a broker who leaves you in the dark—renewals are a critical time to ensure you're getting the right coverage at the right price. 💡 It's crucial to have a trusted advisor who educates and guides you through the complexities of the insurance market. Demand better service, ask questions, and find a broker who truly supports your business and can pick up the phone. #InsuranceMatters #DemandBetter #BusinessProtection #gallagher

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Ilya Filipov (GM of Insurance at Total Expert) spoke withJeffrey Wingate (EVP & Head of Insurance at Guaranteed Rate Insurance)about the story behind Guaranteed Rate's Digital Insurance Marketplace,along with some helpful insights into its development. Also discussed,how to use technology to connect customer needs with tailored insuranceproducts for every stage of life. Watch this insightful webinar from our friends at Total Expert, now available at https://lnkd.in/gFve4hKh #Sponsored #InsuranceTech #FutureOfInsurance #InsuranceInnovation #CustomerCentricity

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Take a look at our latest McGriff News Brief! The Property and Casualty Insurance sector faced its most significant net underwriting shortfall in a decade, totaling $38 billion. Commercial insurance demonstrated a combined ratio of 97.1%, while personal insurance led the sector's loss challenges, culminating in a combined ratio of 110% over the last three years. To navigate this tight market, you need proactive renewal strategies. Ideally, your broker should start working on your renewals at least 6 months prior to expiration. Work with your insurance advisor to ensure all necessary documentation, including value statements, the latest employee/driver lists, and financial records, are up-to-date and accurate. Managing timeline expectations for all processes involved is also crucial. Stay ahead in the game with these tips! #insurance #renewal #propertyandcasualty

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NEW EPISODE: BUILDING A NEW INSURANCE UTILITYToday’s guest is well on the way to cracking a problem that has been vexing the market for thirty years and something I have been writing about specifically for the last twenty. We all know that the process of syndication of risk in the London and other international insurance and reinsurance markets is full of inefficiencies and ripe for reform.But just because a problem has been around for a long time and has been well documented, it doesn’t make finding and implementing a solution any easier. I have lost count of the number of insurance and reinsurance exchanges I have seen launch and then wither and die over the last two decades. Gilbert Harrap the CEO of InsurX is someone who is setting out to change all of this. Many exchanges failed either because they were founded by people with little understanding of complex insurance or they alienated their potential users, particularly the brokers, who often rightly or wrongly perceived them as a threat to their businesses. InsurX is different because Gilbert is someone with market experience who is focusing on building a utility that could help both underwriters and brokers increase volumes and improve margins. This is a fascinating conversation with someone running a business that has already gained significant traction in two classes of business and is looking to expand across the board. Gilbert is one of us and I think that’s a big part of why InsurX has been well received. He is laser-focused on helping brokers serve customers better while allowing underwriters to diversify in smart new cost-effective ways. He doesn’t want to be an underwriter or a broker – he just wants to be the one connecting them using intelligent new methods that add value to both parties. I really enjoyed my time with Gilbert and left feeling that InsurX might be one of the first exchanges to make it in the complex syndicated risk space.I also ended this conversation feeling much more optimistic about the future of the London Market and its prospects of increasing its global share of high-quality insurance business.LISTEN HERE: https://lnkd.in/ev9hvwH4#insurance #insurancepodcast #reinsurance

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When you have a question about your insurance, do you really want to "Dial one for billing issues, Dial two if you want to renew your policy, etc?"At OceanPoint Insurance, our clients deserve to be able to speak to a natural person immediately when they have a question or need to file a claim. That's why all of our agents have direct phone lines.We provide contact information for all of our agents on our website: https://bit.ly/49iEiPRWhen you call our agency, you won't have to go through a long list of prompts or speak to a robot. You'll be connected directly to an agent familiar with your account, and can help you with whatever you need.Refreshing, huh?#thecoverageyouneed #theserviceyoudeserve #theHILBdifference #HILBExpertise

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When you have a question about your insurance, do you really want to "Dial one for billing issues, Dial two if you want to renew your policy, etc?"At OceanPoint Insurance, our clients deserve to be able to speak to a natural person immediately when they have a question or need to file a claim. That's why all of our agents have direct phone lines.We provide contact information for all of our agents on our website: https://bit.ly/49iEiPRWhen you call our agency, you won't have to go through a long list of prompts or speak to a robot. You'll be connected directly to an agent familiar with your account, and can help you with whatever you need.Refreshing, huh?#thecoverageyouneed #theserviceyoudeserve #theHILBdifference #HILBExpertise

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A client of ours knew that working with Three Points Insurance Design was the right choice when one of their agencies called immediately to express “how great it is to have (Three Points’) expertise with case preparation, case design, product comparisons, and support.” A great decision pays you back right away. Visit our website to learn more about Three Points Insurance Design. https://lnkd.in/ewHp3nP #InsuranceDesign #CaseDesign #CaseAnalytics #ProductAnalysis #InsuranceCaseDesign #InsuranceCasePresentations #LifeInsurance #CasePrep #InnovativeInsuranceSolutions #LifeInsuranceReview #EstatePlanning #BusinessInsurancePlanning #Insurance #LifeInsuranceRetirementPlanning #InsuranceAnalytics #InsurancePortfolioCreator #LifeInsuranceStrategist

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