This submit is a part of a sequence sponsored by AgentSync.
GPM Life fuels its development with the flexibility to onboard extra producers quicker with AgentSync
Govt Abstract:
With the demand for all times insurance coverage and annuities merchandise rising consistently, GPM Life needed to fulfill client demand by getting brokers able to promote as shortly as attainable. 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 answer, GPM Life was dedicated to discovering a companion who may assist them:
- Onboard producers shortly and precisely
- Enhance inside administrator workflows
- Enhance operational efficiencies
AgentSync Handle helps GPM Life do all of this and extra via integrations and automations that take away friction from the agent onboarding course of and shave day without work 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 via the years has expanded its product line to additionally assist people, households, and seniors.
Compliance competing with development
With growing 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 inside administrator workflows and improve operational efficiencies for ongoing organizational development.
“Our development in agent contracting and recruiting has grown exponentially over the previous 5 years. We went from contracting about 500 brokers per 12 months to between 2,500 to three,000 per 12 months. Our earlier agent administration system was outdated and required too many handbook steps, so we began exploring different choices that might assist our development.”
- JAY MOYER, VP – DIRECTOR OF MARKETING
When vetting producer administration options, AgentSync’s depth and breadth of business data 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 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 Crew to promote you a product however, as soon as the contract’s signed, you by no means see them once more. Probably the greatest issues about AgentSync is that we had wonderful folks from day one they usually proceed to be responsive and communicative lengthy after we had been stay 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 crew had been assured that AgentSync Handle was the answer they wanted to fulfill their present and future wants.
With the flexibility 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 might to do the identical duties in one other system,” Moyer stated, after seeing the leads to motion.
For Moyer, the time financial savings discovered via AgentSync Handle means his crew can spend extra time specializing in recruiting and retaining prime producer expertise and distribution companions.
The facility of self-service
Distribution channel administration is vital to organizational development. 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 big efficiencies for my crew because the agent can now handle their very own knowledge.”
— 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, guaranteeing a aggressive edge for years to return.
“From a expertise standpoint, AgentSync appeared rather more trendy and rather 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 decreased the period of time it takes to onboard new producers. Fifty-nine % of producers at the moment are onboarded inside two weeks, with 25 % accomplished in every 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 thirty days.
- 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 computerized as an alternative of time-consuming and handbook.
For extra about how GPM Life has upgraded its onboarding for development, obtain the case research.
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