Randy Schwantz in Insurance Agencies
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June 19, 2023 – 4 min read
Randy Schwantz in Insurance Agencies
Randy Schwantz in Insurance Agencies
In the competitive landscape of commercial insurance, it’s crucial for new producers to differentiate themselves from incumbents who possess extensive knowledge and established relationships. Beyond price and coverage, new producers need to offer something unique that adds value to their clients.
In this blog, we’ll delve deeper into the concept of proactive services and how they can provide concrete selling points for new producers in the commercial insurance industry.
In a market where incumbents hold the advantage of experience and insider knowledge, new producers must go beyond the traditional aspects of price, coverage, and relationships. By offering proactive services, new producers can establish themselves as trusted advisors who provide additional value to clients.
One key area where proactive services can make a significant impact is in the deconstruction and breakdown of loss control and claims management. By developing well-defined processes and strategies, new producers can showcase their expertise in helping clients mitigate risks, reduce losses, and efficiently manage claims.
To stand out in the commercial insurance market, new producers should have a range of 20 to 30 proactive services with clear names and established processes. These services go beyond mere ideas; they provide tangible solutions that address specific client needs. By effectively communicating these proactive services, new producers can offer potential clients something concrete to consider, enhancing their value proposition.
Proactive services demonstrate a commitment to proactive risk management and client satisfaction. By offering these services, new producers show their dedication to going above and beyond traditional insurance offerings. This commitment not only adds value to clients but also helps in building long-term relationships based on trust and reliability.
Having a portfolio of well-defined proactive services gives new producers a competitive edge in the sales process. They can highlight these services during client interactions, showcasing their ability to provide tailored solutions and address specific pain points. The concrete nature of proactive services sets new producers apart and increases their chances of winning clients over incumbents.
In the commercial insurance business, new producers face the challenge of differentiating themselves from experienced incumbents. By offering well-defined proactive services, new producers can demonstrate their expertise and provide clients with concrete solutions that go beyond price and coverage. These services contribute to building trust, adding value, and establishing long-term relationships. Incorporating proactive services into their sales strategy positions new producers as proactive risk management partners and increases their chances of success in a competitive industry.
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Growing Your Agency Just Got Way Easier
Do you want to work with me to grow your agency?
Take 90-seconds to complete this application
to see if you are eligible for a Growth Session.
How the Wedge Sales Culture Drove New Business Growth
The Wedge Sales Culture is credited as the engine of this growth, and this case study explores how the agency has implemented and benefited from this process.
“Hire Producers with Confidence” Use Our Evidence-Based Interview Process to Eliminate Candidates Who Don’t Have GRIT
With my evidence based interview process you can be sure that your next hire has the GRIT to fight through walls and achieve success selling commercial insurance.
Growing Your Agency Just Got Way Easier
Do you want to work with me to grow your agency?
Take 90-seconds to complete this application
to see if you are eligible for a Growth Session.