CoverWallet for Agents: Your Online Access to the Small Commercial Market?

You may have heard of CoverWallet as a new insurance technology startup that offers small business insurance coverage direct to consumer. Most traditional insurance agents consider CoverWallet as the enemy trying to take their business.

CoverWallet for Agents

While that may still be the case, last week CoverWallet announced a new service for insurance agents allowing them access to CoverWallet’s technology platform. The platform is called CoverWallet for Agents.

I had an opportunity to preview the platform and hear details of how the service will work. Following is a bit more information so you can decide if this is an opportunity worth exploring or a continued threat to your business.

“Document Management: When to Store and When to Let the Carrier Handle It – Episode 038”
by Steve Anderson and Ryan Deeds

Sorry, listening to the audio on this website requires Flash support in your browser. You can try playing the MP3 file directly by clicking here.

Summary:

In this episode of The Digital Broker, Steve and Ryan take another look at document management, this time by focusing on what accounts for so much of its complexity and what you can do about it. By listening to this episode, you will learn:

  • How the voluminous exchange of documents between you and the carrier is slowing you down
  • How to relieve your agency of a massive amount of work by leveraging the Real-Time feature of your agency management system
  • Why it’s not a good idea to keep a document forever

The Digital Broker podcast is brought to you buy Indio Technologies. Indio turns the application and renewal process into an online TurboTax like experience for your clients. As a result, the 1,000+ agents using Indio provide their clients with a top-rated customer experience, reduce their E&O exposure, and outgrow their competition. To learn more about Indio, click here!


Recap:

Much of our time as agents and brokers goes to downloading documents our carriers send us. You would think there’d be a streamlined, universal procedure to this by now, but there’s not. Steve can think of at least six ways carriers typically send documents to agencies.

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Best Year Ever: How Will You Achieve Your Personal and Professional Goals in 2019?

Where did 2018 go? It is hard to believe that 2018 will be history in a short 25 days.

Best Year Ever

2018 was a great year for me. My net business profit increased by 46%. My first book will be published in September 2019 (with a second book available in the spring of 2020). I have spent more fun time with my wife Karen and our 6 (almost 7!) grandkids than ever. And I am having more fun than I deserve! Each of these started as a goal set at the beginning of 2018.

It was my best year ever. What about you? How many of your 2018 goals were you able to see completed?

Achieving these goals would not have been possible without a system. For the last few years, I have taken time in early January to review the past year and think about what I want to accomplish by the end of the coming year. It is hard and at the same time a rewarding process.

Traditional Goal Setting Doesn’t Work

Thinking about what I want to achieve in the new year and strategizing on how to get there is deceptively tricky.

“The World Through the Eyes of an Insurance Account Manager (Featuring Melissa Wilder) – Episode 037”
by Steve Anderson and Ryan Deeds

Sorry, listening to the audio on this website requires Flash support in your browser. You can try playing the MP3 file directly by clicking here.

Summary:

In this episode of The Digital Broker, Steve and Ryan interview Melissa Wilder, soliciting her advice on operational excellence and how to keep the peace between account managers and producers. By listening to this episode, you will learn:

  • How Melissa stays focused despite onslaughts of requests for her attention
  • Why producers and account managers see the world so differently
  • How to get them to work as a team, for the good of the entire agency

 


The Digital Broker podcast is brought to you buy Indio Technologies. Indio turns the application and renewal process into an online TurboTax like experience for your clients. As a result, the 1,000+ agents using Indio provide their clients with a top-rated customer experience, reduce their E&O exposure, and outgrow their competition. To learn more about Indio, click here!


Recap:

Society seems to have become more litigious, but the people who work in insurance understand this better than almost anyone. They’ve watched insurance become less about protecting from loss and more about protection from lawsuits. When she decided to major in Risk Management and Insurance at the University of Memphis, Melissa Wilder thought she was abandoning her dream of becoming a lawyer. Little did she know she would “become more like a lawyer every day.”

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“How To Have A Nightmare-Free Document Management Operation – Episode 036”
by Steve Anderson and Ryan Deeds

Sorry, listening to the audio on this website requires Flash support in your browser. You can try playing the MP3 file directly by clicking here.

Summary:

In this episode of The Digital Broker, Steve and Ryan discuss document management systems. By listening to this episode, you will learn:

  • How the issues of document management are more complex than simply deciding whether to go paper-free.
  • How a specialized, standalone DMS compares to what your AMS offers, and which products are on the market.
  • What to keep in mind as you evaluate a DMS solution, and which operational challenges are likely to accompany implementation.

 


The Digital Broker podcast is brought to you buy Indio Technologies. Indio turns the application and renewal process into an online TurboTax like experience for your clients. As a result, the 1,000+ agents using Indio provide their clients with a top-rated customer experience, reduce their E&O exposure, and outgrow their competition. To learn more about Indio, click here!


Recap:

We’re not trying to give away Steve’s age, but when he was starting out in the insurance business in the late 1970’s, the industry was vowing to be “paper-free by ‘83!” This slogan hasn’t aged well in the last thirty years. Agencies have adopted digital solutions to some extent, but the bane of many agents and brokers continues to be an avalanche of paperwork big enough to be buried under.

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