Change Management Archives | Insurance Agency Management System by Strategic Insurance Software

Change Management

To help your agency prepare for change, the best thing you can do is be well prepared and anticipate the challenges that can be associated with change. Having a good provider is essential to making a smooth transition, and the SIS support team believes wholeheartedly in providing you with constant support throughout your system transition, including offering a personal customer service representative and personalized trainings for your staff. Connect with us today to get the conversation started!

In this eGuide, we’ll hit on the major legislation regarding data security for insurance agencies, and provide tips and tools to help keep your agency compliant and your clients protected.

What’s Inside

The Big Question(s)
The Next Steps
The Transition
The 5 Rules of Change

Let's Connect

The Niche Market as the Future of Independent Insurance Agency Marketing

by Sarah Deak | Jun 23, 2022

Your insurance agency marketing goal is to stand out among the noise. Identifying and investing in serving a niche market is one of the most efficient and effective ways to achieve this challenging goal.

When you serve a niche market, you have less competition, making it easier to gain new customers in a specific arena. Your agency is set apart as providing “X” type of insurance, making you distinctive. PIA National’s 2022 Independent Agent Survey found that respondents devoted more than 20% of their book of business to a niche market. You, too, can capitalize on this valuable strategy.

Planning for the Next Stage in Insurance Agency Management: Perpetuation

by Sarah Deak | Jun 16, 2022

Over the past few years, there has been a surge in insurance agency management transitions. Mergers and acquisitions specifically are on the rise, with an estimated 550 deals, up 12% from the previous year, in the first quarter of 2021. While these transitions can be profitable for owners, they can come with significant trepidation and worry from employees and customers.

As an owner, you need to start thinking ahead about how to prepare your agency for its eventual ownership transition. Whether you plan to perpetuate internally or externally, it’s essential that you prepare. That preparation includes setting your agency up for its highest valuation, prepping your team, and investing in tools and processes to bring your agency into the future.

The Power of Relationship and Innovation in Insurance Tech

by Alex Deak | Jun 9, 2022

Good partners and partnerships are critical to success in any business, but it’s crucial in technology where the pace of change and breadth of innovation is high. Insurance tech is growing fast, and it’s critical to look to progressive partners to keep up with the pace.

Why Partnerships Matter
Innovations happen everywhere, every day. Things like electric cars, an increase in IoT, the interconnectedness of tech systems in healthcare and our own homes, and other innovations significantly impact our industry. These tech advances inform how insurers can gain data to inform policies and process claims.