by How Service Insurance Companies Went National in No Time. In the event that Service Insurance Companies decided to expand their operations across the nation. What was initially a somewhat difficult job (for only Texas) Texas) changed into a daunting task. The transition from a focus on a specific state to a global presence. Required dealing with the myriad of licensing rules for producers and processes in every state.
This new issue caused Service Insurance Companies to find the solution. Through a partnership with Agent Sync the workers. Compensation leader was able to reduce what used to be several days of work to a few minutes.
The previous state: slow-tech and dull
Jay Howard, Director of Compliance and Risk Management at Service Insurance Companies. Found himself in charge of a brand new compliance department. While the company was undergoing a shift from focusing on the State of Texas to providing workers ‘ compensation policies across the country.
In the past, the process of appointing producers from only the one location was sufficient to consume. Howard’s time on weekends as the process required him to fill in the forms on paper in person. Then send these to Texas Department of Insurance with the appropriate payment for every producer. Howard immediately realized that he wouldn’t be able to expand Service. Insurance Companies’ national presence without the benefit of technology that could speed up the process. How Service Insurance Companies Went National in No Time
A few attempts at finding the solution
How Service Insurance Companies Went National in No Time. Before getting into Agent Sync Howard’s small compliance team efforts to use an existing system in the company .An information technology ticketing software. They quickly discovered the drawbacks of attempting to utilize the incorrect tool for the job. As with many teams trying to transform something they already are with into something they actually require, the “solution” created as many new issues as the few things it helped improve.
Howard quickly realized that the only way to solve his team’s issue was to find a new technology platform designed with compliance in mind. Fortunately, with the seriousness of market behavior and the scrutiny that all insurers are subjected to. Howard said he didn’t struggle to present the argument for an automated compliance system to his supervisors within Service Insurance Companies.
This solution stood out the rest of
With the support of leadership, Howard started his search for the ideal solution for insurance compliance. For a lot of people working in this position, getting the IT department’s support is not easy in the case of every new program. It’s a blessing that for Howard the IT manager was the first to suggest looking at AgentSync.
When Howard began to dig deeper and looked into the details. It became clear that Agent Sync stood out from other competitors. Service Insurance Companies prioritized information security and the technical acuity of their system as the main selling points when they looked at Agent Sync.
How AgentSync assists Service Insurance Companies
With AgentSync the time needed to schedule producer appointments slashed from two days to just minutes and allowing Service Insurance Companies to:
- Eliminate the time-consuming and tedious tasks that employees previously required overtime hours to finish
- Feel confident that no producer has a sale in any state unless they have the proper appointment
- Give everyone in the team of compliance, accounting leaders, regulators. Compliance an easy access and clear view of all the details they require.
- Rapidly export data upon the request of regulators without having to spend any additional time
The impact Agent Sync had on Service Insurance Companies extended beyond efficiency in operations. It dramatically improved the job life of the people who manage appointment scheduling and ensuring compliance. “The first benefit I noticed when we got Agent Sync was that I wasn’t spending my weekends catching up on processing appointments by hand anymore,” Howard explained.
Summary: Service Insurance Companies faced challenges when expanding their operations nationwide due to the complexities of navigating licensing rules in each state. To streamline their compliance processes, they partnered with AgentSync, a technology platform designed for insurance compliance. With AgentSync, the time required to schedule producer appointments was reduced from days to minutes. Eliminating tedious manual tasks and ensuring proper compliance across all states. This partnership significantly improved operational efficiency and enhanced the job satisfaction of compliance team members.
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FAQs
What challenges did Service Insurance Companies face when expanding their operations nationwide?
Service Insurance Companies encountered difficulties navigating the licensing rules for producers and processes in each state. Making compliance a daunting task.
How did Service Insurance Companies address their compliance challenges?
Service Insurance Companies partnered with Agent Sync. A technology platform specializing in insurance compliance, to streamline their processes and ensure proper compliance across all states.
What were the drawbacks of using existing systems for compliance before adopting Agent Sync?
Attempts to use existing systems, such as information technology ticketing software, proved inefficient and created new issues. Highlighting the need for a dedicated compliance solution.
What were the main selling points of Agent Sync for Service Insurance Companies?
Agent Sync prioritized information security and technical acuity. Providing a comprehensive solution tailored to the specific compliance needs of insurance companies like Service Insurance Companies.
How did Agent Sync impact the operations of Service Insurance Companies?
Agent Sync drastically reduced the time needed to schedule producer appointments. Eliminated tedious manual tasks, provided easy access to compliance data for all stakeholders, and facilitated rapid data export for regulators.
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Valuable information. Fortunate me I discovered your website by accident, and I’m shocked why this accident didn’t took place in advance! I bookmarked it.