Setting Up a Tech-driven Surge for the Business of Agency Management

The human society is built up from the ground using a host of different factors, and yet none define it better than our tendency to grow on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is purposed around its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a full-blown tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the right goods. The same has grown increasingly evident over the recent past, and assuming one new insurtech-themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.

AgencyBloc, a provider of growth-focused insurtech solutions that service health, senior, and benefits industries, has officially announced the launch of a new product called the Plus Suite, which is designed to rethink the way we approach agency management, commissions, and quoting. To understand the significance of such a development, we must acknowledge how traditional agency management systems (AMS) have long lacked those modern communication and compliance capabilities, such as voice over internet protocol (VoIP), texting, video conferencing, and automated compliance management. AgencyBloc’s latest brainchild, however, delivers them all in a rather well-integrated form to ensure maximum value, but not just that, it also conceives sustainable growth for every distribution partner along the supply chain, including insurance marketing organizations (IMOs), field marketing organizations (FMOs), general agencies (GAs), retail agents, and carriers. Talk about what the stated suite has to offer on a more granular note, we can begin from AMS+, a scalable and insurance-specific solution that becomes enormously helpful when the agenda is to power IMOs, FMOs, and GAs in their pursuit of achieving complete compliance with the relevant regulations. Making the system even more valuable is a fact that it can also unlock the prospects required for accelerated growth. Next up, we must dig into the suite’s Commissions+ functionality. To put it simply, Commissions+ is something which can powerfully, yet seamlessly, link agents, policies, and commissions’ data together to achieve the all-important purpose of reducing time spent on processing. Instead, by packing all the stated aspects together, it enables us to quickly identify missed commissions from carriers, pay producers accurately, and effectively analyze data. Then, we have the third and final pillar of this suite in Quote+. Here, the idea is to bridge the gap between carriers and brokers by delivering at the broker’s disposal an ability to compare carrier quotes in one central place. These comparisons may cover all types of small group health insurance offerings, including community-rated and underwritten medical products, as well as ancillary.

“This exciting launch represents AgencyBloc’s evolution from a single product brand to a multi-product solution provider enabling growth across the health and benefits ecosystem,” said Erica Kiefer, Chief Growth Officer at AgencyBloc. “In order to communicate the significance of this transformation, a refresh of our existing brand was in order. Our new branding is also a part of our complete website overhaul, facilitating solution exploration and educational content for all facets of the industry.”

Founded in 2008, AgencyBloc has today reached a point where it is the #1 recommended insurance industry growth platform. The stated platform, in practice, is known for supplying a suite of solutions that can be used to support the operational and growth needs of independent insurance agencies, GAs, IMO/FMOs, call centers and carriers. AgencyBloc’s excellence in what it does can also be understood once you consider it has, thus far, got its clients to bring down their commissions processing timeline by almost 75%, whereas the time taken for generating reports was reduced by more than 50%. Triggering a 40% uptick in book of business, the company’s solutions have saved over 100 hours in client communications per renewal period.

“AgencyBloc is our everything. It powers the operations of our entire agency. You can create a workflow for literally anything. We have workflows running in the background for every aspect of our business. Since moving to AgencyBloc, we have never missed a deadline; nothing has fallen between the cracks,” said Ashley M. of Next Level Insurance, a client of AgencyBloc.

This efficacy is a big reason why more than 6500 customers are currently using AgencyBloc, generating a cumulative satisfaction rating of 97%.

“The Plus Suite represents years of analyzing market trends and industry demands,” said Bob Burns, Chief Product Officer at AgencyBloc. “By bringing these products together on a single platform, we are now positioned to not only provide a better experience to agents and brokers, but expand growth capabilities to the entire life and health ecosystem.”