This submit is a part of a sequence sponsored by AgentSync.
GPM Life fuels its progress with the flexibility to onboard extra producers quicker with AgentSync
Government Abstract:
With the demand for all times insurance coverage and annuities merchandise rising consistently, GPM Life needed to satisfy shopper demand by getting brokers able to promote as shortly as attainable. Sadly, they realized they had been being held again by inefficiencies of their producer onboarding and license compliance processes. That value them cash from each the inner workers facet and thru missed enterprise alternatives.
When on the lookout for a producer administration resolution, GPM Life was dedicated to discovering a accomplice who might assist them:
- Onboard producers shortly and precisely
- Enhance inside administrator workflows
- Improve operational efficiencies
AgentSync Handle helps GPM Life do all of this and extra via integrations and automations that take away friction from the agent onboarding course of and shave day off 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 obligation army and federal workers however via 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 house, GPM Life sought a producer administration and compliance know-how 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 12 months to between 2,500 to three,000 per 12 months. Our earlier agent administration system was outdated and required too many handbook steps, so we began exploring different choices that might assist our progress.”
- JAY MOYER, VP – DIRECTOR OF MARKETING
When vetting producer administration options, AgentSync’s depth and breadth of business data impressed Moyer and his staff. The AgentSync staff responded to every want and requirement GPM Life raised with a complete workflow evaluation.
“We knew we had discovered a accomplice 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 cope with too many distributors that ship their A Workforce to promote you a product however, as soon as the contract’s signed, you by no means see them once more. Among the finest issues about AgentSync is that we had wonderful folks from day one and so they proceed to be responsive and communicative lengthy after we had been reside with the platform. I actually admire that.”
- GREGORY LAWLER, CHIEF INFORMATION OFFICER
By the point GPM Life determined to accomplice with AgentSync, Moyer and his staff had been assured that AgentSync Handle was the answer they wanted to satisfy their present and future wants.
With the flexibility to nominate, handle, and terminate producers and entry up-to-date data 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 leads to motion.
For Moyer, the time financial savings discovered via AgentSync Handle means his staff can spend extra time specializing in recruiting and retaining high producer expertise and distribution companions.
The ability of self-service
Distribution channel administration is essential to organizational progress. However chasing down producers for the required data isn’t one of the best 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 provides brokers the chance to finish their profile and add their very own data, which drives big efficiencies for my staff because the agent can now handle their very own information.”
— JAY MOYER, VP – DIRECTOR OF MARKETING
With AgentSync, GPM Life has the trendy know-how they should drive efficiencies of their end-to-end producer administration and compliance workflows, guaranteeing a aggressive edge for years to return.
“From a know-how standpoint, AgentSync appeared way more fashionable and way more up-to-date than different methods 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 p.c of producers are actually onboarded inside two weekswith 25 p.c accomplished in per week or much less.
- GPM Life can now deal with bigger new contract quantity, with its largest accomplice growing from 70 to 100 new contracts per thirty days.
- The interior GPM Life staff spends 30 p.c much less time on the executive duties required to onboard new producers.
- Verifying producer licenses throughout states is simple and computerized as a substitute of time-consuming and handbook.
For extra about how GPM Life has upgraded its onboarding for progress, obtain the case examine.
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