This submit is a part of a collection sponsored by AgentSync.
GPM Life fuels its progress with the power to onboard extra producers quicker with AgentSync
Govt Abstract:
With the demand for all times insurance coverage and annuities merchandise rising consistently, GPM Life wished to fulfill shopper demand by getting brokers able to promote as rapidly as potential. 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 inner employees aspect and thru missed enterprise alternatives.
When in search of a producer administration resolution, GPM Life was dedicated to discovering a companion 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 provider specializing in life insurance coverage and annuities merchandise. Based in 1934, GPM Life was constructed to serve the wants of lively responsibility 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 growing demand within the life insurance coverage and annuities house, GPM Life sought a producer administration and compliance know-how that might streamline producer onboarding workflows. AgentSync Handle was the answer GPM Life wanted to chop out redundancies in inner 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 Our earlier agent administration system was outdated and required too many handbook steps, so we began exploring different choices that might help our progress.”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 staff. The AgentSync staff responded to every want and requirement GPM Life raised with a complete workflow evaluation.
“We knew we had discovered a companion that appeared to have a extremely good grasp on the business and understands our wants and what we’re doing as a company,” Moyer stated.
“I take care of too many distributors that ship their A Group to promote you a product however, as soon as the contract’s signed, you by no means see them once more. Among the best issues about AgentSync is that we had superb folks from day one and so they proceed to be responsive and communicative lengthy after we had been dwell with the platform. I actually recognize that.”
- GREGORY LAWLER, CHIEF INFORMATION OFFICER
By the point GPM Life determined to companion with AgentSync, Moyer and his staff had been assured that AgentSync Handle was the answer they wanted to fulfill 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 knowledge 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 will 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 staff can spend extra time specializing in recruiting and retaining prime producer expertise and distribution companions.
The ability of self-service
Distribution channel administration is essential to organizational progress. However chasing down producers for the mandatory 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 knowledge, GPM Life cuts out cumbersome e-mail back-and-forths and redundant knowledge 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 enormous efficiencies for my staff for the reason that agent can now handle their very own knowledge.”
— JAY MOYER, VP – DIRECTOR OF MARKETING
With AgentSync, GPM Life has the fashionable know-how they should drive efficiencies of their end-to-end producer administration and compliance workflows, making certain a aggressive edge for years to come back.
“From a know-how standpoint, AgentSync appeared way more fashionable and way more up-to-date than different techniques 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 weeks, with 25 % accomplished in per week or much less.
- GPM Life can now deal with bigger new contract quantity, with its largest companion growing from 70 to 100 new contracts per 30 days.
- The inner GPM Life staff spends 30 % much less time on the executive duties required to onboard new producers.
- Verifying producer licenses throughout states is straightforward 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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