This submit 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 always, GPM Life wished to satisfy shopper demand by getting brokers able to promote as rapidly as attainable. Sadly, they realized they have 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 searching for a producer administration answer, GPM Life was dedicated to discovering a accomplice who might assist them:
- Onboard producers rapidly and precisely
- Enhance inner administrator workflows
- Improve operational efficiencies
AgentSync Handle helps GPM Life do all of this and extra by way of 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 service 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 staff however by way of the years has expanded its product line to additionally help people, households, and seniors.
Compliance competing with progress
With rising demand within the life insurance coverage and annuities house, GPM Life sought a producer administration and compliance expertise that might streamline producer onboarding workflows. AgentSync Handle was the answer GPM Life wanted to chop out redundancies in inner administrator workflows and improve 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 Our earlier agent administration system was outdated and required too many guide steps, so we began exploring different choices that would help our progress.”
- JAY MOYER, VP – DIRECTOR OF MARKETING
When vetting producer administration options, AgentSync’s depth and breadth of trade information impressed Moyer and his crew. The AgentSync crew 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 extremely good grasp on the trade and understands our wants and what we’re doing as a company,” Moyer stated.
“I cope with 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. Among the finest issues about AgentSync is that we had superb individuals from day one they usually proceed to be responsive and communicative lengthy after we have 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 crew have 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 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 could to do the identical duties in one other system,” Moyer stated, after seeing the ends in motion.
For Moyer, the time financial savings discovered by way of AgentSync Handle means his crew 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 the very 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 electronic 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 data, which drives large efficiencies for my crew for the reason that 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, making certain a aggressive edge for years to return.
“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 diminished the period of time it takes to onboard new producers. Fifty-nine % of producers are actually onboarded inside two weekswith 25 % accomplished in per week or much less.
- GPM Life can now deal with bigger new contract quantity, with its largest accomplice rising from 70 to 100 new contracts monthly.
- The interior GPM Life crew spends 30 % much less time on the executive duties required to onboard new producers.
- Verifying producer licenses throughout states is simple and automated as a substitute of time-consuming and guide.
For extra about how GPM Life has upgraded its onboarding for progress, obtain the case examine.
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