The insurance industry is undergoing a seismic shift. While new technologies and evolving customer expectations play a significant role in reshaping the market, so too do regulatory changes. For independent insurance agents, the stakes are high—but so are the opportunities. Navigating new rules around data governance and anti-money laundering (AML) is no longer just about … Read more
Independent insurance agents often seek ways to increase sales with their existing clients. The straightforward answer, though sometimes uncomfortable, is simple: just ask! It may sound easier than it actually is in practice, but it’s just a matter of adding to your skill set and practicing daily. We Encounter Upselling Frequently In our daily … Read more
The Agent Support Network of America (ASNOA), a leading support network and aggregator for independent insurance agencies, today announced a strategic partnership with People’s Premium Finance, a division of Peoples Bancorp Inc. (Nasdaq: PEBO). This collaboration expands the financial toolkit available to ASNOA affiliates, reinforcing the organization’s commitment to equipping agencies with best-in-class solutions for … Read more
Artificial Intelligence (AI) and the technology built around it are already transforming the insurance industry, and it will only get bigger. AI will profoundly impact operations, customer interactions, and risk management practices in the coming years. Here’s a look at some key areas of impact, potential challenges, and the trends to watch for in 2025 … Read more
Generation Z is the generation that follows the millennials. Generation Z (born approximately between 1997 and 2012) is approaching insurance differently from previous generations. Their approach is influenced by their digital upbringing, financial priorities, and unique perspectives on risk. Here’s how Gen Z is going about selecting insurance for themselves: #1 – They’re Taking … Read more
With all the natural disasters, air travel cancellations, and pandemics of recent years, parametric insurance may be a more efficient alternative to traditional indemnity-based insurance. Because of its innovative approach, parametric insurance is gaining traction across industries, from agriculture and travel to energy and business interruption. Those who leverage this insurance model appreciate its efficiency … Read more
Usage-based insurance (UBI) is a type of insurance where the premium is based on the specific behaviors and habits of the insured. It’s becoming more popular as cost-conscious consumers look for ways to pay only for what they need. The UBI market is estimated to grow from $48.38 billion in 2023 to $63.29 billion by … Read more
Joining an insurance network can provide independent agents with valuable resources, support, and opportunities for growth. It can ultimately help you compete more effectively in the insurance marketplace. However, agents need to ask questions and carefully evaluate the benefits, costs, and terms of membership before deciding to join a particular network. Here are 10 questions … Read more
A blog from ASNOA’s own Director of Education, Laura Hamilton AI for marketing refers to the use of artificial intelligence technologies and techniques to enhance and automate various marketing processes and activities. It involves the application of machine learning, natural language processing, and other AI technologies to analyze large amounts of data, gain insights, and … Read more
As we move into the second month of 2024, there are several continuing trends to keep in mind. Besides cybersecurity, AI, and climate-driven changes, there’s also a demand for customized goods and services. For many, consumers have designed their own computers, personalized license plates, and curated their cable stations. From YouTube to MyChart to iPhones, … Read more