This put up is a part of a sequence sponsored by AgentSync.
GPM Life fuels its progress with the power to onboard extra producers sooner with AgentSync
Govt Abstract:
With the demand for all times insurance coverage and annuities merchandise rising continually, GPM Life needed to satisfy shopper demand by getting brokers able to promote as rapidly as doable. Sadly, they realized they had been being held again by inefficiencies of their producer onboarding and license compliance processes. That price them cash from each the interior employees facet and thru missed enterprise alternatives.
When on the lookout for a producer administration resolution, GPM Life was dedicated to discovering a associate who may assist them:
- Onboard producers rapidly and precisely
- Enhance inside administrator workflows
- Enhance operational efficiencies
AgentSync Handle helps GPM Life do all of this and extra by means of integrations and automations that take away friction from the agent onboarding course of and shave day without work each new agent touchpoint.
The GPM Life Story
GPM Life is an insurance coverage provider specializing in life insurance coverage and annuities merchandise. Based in 1934, GPM Life was constructed to serve the wants of lively responsibility navy and federal workers however by means of the years has expanded its product line to additionally assist people, households, and seniors.
Compliance competing with progress
With growing demand within the life insurance coverage and annuities area, GPM Life sought a producer administration and compliance expertise that may streamline producer onboarding workflows. AgentSync Handle was the answer GPM Life wanted to chop out redundancies in inside administrator workflows and enhance operational efficiencies for ongoing organizational progress.
“Our progress in agent contracting and recruiting has grown exponentially over the previous 5 years. We went from contracting about 500 brokers per yr to between 2,500 to three,000 per yr. Our earlier agent administration system was outdated and required too many guide steps, so we began exploring different choices that would assist our progress.”
- JAY MOYER, VP – DIRECTOR OF MARKETING
When vetting producer administration options, AgentSync’s depth and breadth of business information impressed Moyer and his workforce. The AgentSync workforce responded to every want and requirement GPM Life raised with a complete workflow evaluation.
“We knew we had discovered a associate that appeared to have a very good grasp on the business and understands our wants and what we’re doing as a company,” Moyer mentioned.
“I take care of too many distributors that ship their A Staff to promote you a product however, as soon as the contract’s signed, you by no means see them once more. The most effective issues about AgentSync is that we had wonderful folks from day one they usually proceed to be responsive and communicative lengthy after we had been reside with the platform. I actually respect that.”
- GREGORY LAWLER, CHIEF INFORMATION OFFICER
By the point GPM Life determined to associate with AgentSync, Moyer and his workforce had been assured that AgentSync Handle was the answer they wanted to satisfy their present and future wants.
With the power to nominate, handle, and terminate producers and entry up-to-date info from NIPR, AgentSync automates duties and tracks key compliance information that GPM Life beforehand needed to compile manually from a number of web sites and sources.
“Reviewing and approving agent contracts in AgentSync takes me a 3rd of the time it might to do the identical duties in one other system,” Moyer mentioned, after seeing the ends in motion.
For Moyer, the time financial savings discovered by means of AgentSync Handle means his workforce can spend extra time specializing in recruiting and retaining prime producer expertise and distribution companions.
The facility of self-service
Distribution channel administration is important to organizational progress. However chasing down producers for the mandatory info isn’t the most effective use of Moyer and his groups’ time. By giving producers and company companions the autonomy to handle their very own information, GPM Life cuts out cumbersome e-mail back-and-forths and redundant information entry to create a streamlined expertise for licensing directors and distribution companions.
“AgentSync’s portal offers brokers the chance to finish their profile and add their very own info, which drives large efficiencies for my workforce because the agent can now handle their very own information.”
— JAY MOYER, VP – DIRECTOR OF MARKETING
With AgentSync, GPM Life has the fashionable expertise they should drive efficiencies of their end-to-end producer administration and compliance workflows, guaranteeing a aggressive edge for years to come back.
“From a expertise standpoint, AgentSync appeared rather more fashionable and rather more up-to-date than different programs we checked out, placing them in a greater place to service our future wants.”
— JAY MOYER, VP – DIRECTOR OF MARKETING
How AgentSync helps GPM Life:
- Considerably lowered the period of time it takes to onboard new producers. Fifty-nine % of producers are actually onboarded inside two weeks, with 25 % accomplished in every week or much less.
- GPM Life can now deal with bigger new contract quantity, with its largest associate growing from 70 to 100 new contracts per 30 days.
- The interior GPM Life workforce spends 30 % much less time on the executive duties required to onboard new producers.
- Verifying producer licenses throughout states is straightforward and automated as a substitute of time-consuming and guide.
For extra about how GPM Life has upgraded its onboarding for progress, download the case study.
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