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4 Remarkable Ways to Grow as an Independent Insurance Agent Faster than Your Competitors

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You’d be shocked if we tell you how much many independent insurance agents and brokers are making as salaries every month.

We are sure it will make you wonder where the heck are all the billions of dollars available in the insurance industry are going to.

How to grow your business as an independent insurance agent

Yes, we also thought that way until we were able to discover that many independent insurance agents aren’t really applying what would make them grow. Instead, very many of them are busy chasing the wrong things that will only make them peanuts as commissions and bonuses.

If you are set to grow as an independent insurance agent faster than your competitors, here are 4 remarkable ways to start.

Find More Jobs

The insurance sector is such a fast growing one. As fears of more calamity and uncertainty in government policies rise, the need for insurance coverage becomes more glaring. In the other hands too, if the economy improves, insurance companies also grow.

Guess what the good news is, these companies are known for the culture of hiring the services of independent insurance brokers. But, except you are spectacular, this job opportunities won’t knock at your doorpost, so you have to go out to look for them. This is if you are serious about growing your independent insurance agency.

As you proceed in your search for better job opportunities, here’s a perfect guide on how to find the best insurance companies, especially in the auto and car sector.

Get More Clients to Renew their Insurance

Independent insurance agents working in New York and Washington D.C. are generally known for earning larger commission on renewals than those of their colleagues in other parts of the United States. This is reasonably due to the fact that more people renew their insurance, and secondly, because of the high cost of living.

The more renewals an independent insurance broker gets for the companies he recruits for, the higher the commissions and bonuses he will make. In that case, whatever tactics you think are legal are worth doing if you want to grow your insurance agency.

Obtain More Qualifications

While it’s permissible for you to start with just high school diploma, it will be to your best interest to keep upgrading your qualification if you want to grow your agency faster than your competitors are doing.

In the U.S., an independent insurance agent can be allowed to start with high school diploma but they must pass a state exam done through the American Institute for Chartered Property and Casualty Underwriters to qualify them.

Wondering what some of the different types of insurance certifications are available? First, check what their minimum education and work experience requirements before you proceed.

When it comes to general insurance industry certification, The National Alliance for Insurance Education and Research will teach you things like, how to issue commercial casualty, commercial property, personal residential and personal auto insurance.

How about specific insurance courses that will contribute to a large extent in helping you become or grow as an independent insurance broker and agent? Check this blog post.

Start Using Social Media to Grow Your Insurance Agency

Nowhere has social media turned out to be less effective. In every industry, social media can play a key role when handled by an expert.

As an independent insurance broker who already knows that his income is dependent on the amount of commissions and bonuses he’s able to get, you ought to get your message out to prospects on social media. Using LinkedIn for instance, will go a long way in helping you get unique leads because that’s where most of the people who can afford your services congregate.

Amazingly, if you can write a free report, checklist, toolkit or whatever it is, do it and offer it for free to get them into becoming qualified leads. It’s easier selling on social media if the people you are trying to sell your insurance package to already know, like and trust you.

Conclusion

Every sector comes with her unique challenges. In the insurance industry, there about 3 challenges that tends to pose as a serious problem to newbie. If after reading this post you still find yourself struggling to grow your agency, then you should do yourself a favour by reading it all over again.

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