Today, they use a variety of softwares to explain and market their products. These softwares are able to calculate the monetary benefits that the clients can receive upon maturity if they make an investment and most importantly, marketing their products convincingly. .
Clients may renew their policies or recommend their friends to their agents, thus it is vital for the agents to keep up with the good after sales service. This includes attending to reinstatements and updating of clients' records.
In the past, when a client wants to know details of their policies or make amendments, agents can only obtain information or make changes through the Head Office. This is time consuming, inhibiting good customer service to be provided. During the "IT 2000" plan, InsureNet1 was introduced to enable transferring and sharing of information more accessible. This not only facilitates the service to the customers, it also enables statistics to be easily complied and collated for marketing analyses.
The insurance agents may collect the payments of premiums. However with the recent advancement of technology, the collection of premiums is made possible through online services. The methods of payment for the premiums remained quite similar throughout these years. However there is an increase in the number people who are turning to technology for a more efficient payment system. As we progress into a cashless environment thus, gaining trust and faith from customers and being transparency to the public is very important.
Regardless of the time frame, insurance agents will still be customer orientated. The evolution of technology has not "replaced" the insurance agents job, instead it has facilitated the agents' competency in their job. Technology has brought about lower costs, greater efficiency, more professionalism and better customer service. Being inundated with information, consumers in fact need an "up-to-date and well educated professional intermediary" more than they do in the past to deal with the insurance products of tomorrow.
Stockbroker When I thought about different economic career I thought that the most interesting one would be a stockbroker. ... For individuals stockbrokers act as dealer or investment managers. ... Stockbrokers also work for large firms. ... Typically stockbrokers make pretty good money. ... Think about if you made a bad decision for someone and the loss like their life savings, how are you going to feel? ...
Stockbrokers Stockbrokers Stockbrokers are the good and bad people in the economy today. ... Stockbrokers also open new accounts for new customers. ... The average amount of hours a stockbroker works is 50+ hours. ... This is the day and life of a stockbroker. The pros and cons of being a stockbroker. ...
INTRODUCTION Insurance has become an important and prominent aspect of Canada's economy and society. However, it is also an industry that has experienced certain difficulties in recent years. ... Over time, insurance has come to represent an extremely important part of Canada's society and economy. ... In light of the significance of this sector, it is not unusual to find that the government has come to be involved through regulation. ... These companies have 53,700 full-time employees and agents and there are approximately 62,200 independent agents in the industry, which tot...
The insurance industry in general has been challenged in business growth this year. ... Other affected areas include the communication services. ... Another area affected by the attacks would include swings in stocks and stock options. ... The majority of the layoffs were in the travel industry; however, the insurance industry has also seen its share of layoffs. ... Lloyd's of London, the nation's largest insurance company with over 400 main agents and 500 subagents, has substantial involvement in the attacks. ...
Life Insurance in India The Insurance Sector in India is one in which the entry of private players has only recently been permitted. ... Again, the customer for life insurance in India lands up paying a rate of premium which has been determined upon data which is sadly antediluvian. ... In fact, it's in recognition of this huge potential of the market and the need to make insurance, particularly life insurance, available on a wider scale, that the government has opened the industry to private players in 2000. ... Foreign Partner: Established in 1848, Prudential plc. of U.K. has grow...
This should have been a good idea...however, I believe that it has only made things less affordable. ... Initially, the insurance policies were made to help in emergency situations for people who had a broken a leg, or had to have major surgery and could not afford the price of high-technology treatment. ... Now people are paying for insurance that they seldom use, but feel better because the business has made them believe that they cannot and will not live without medical insurance. Another bad result of medical insurance is that it has turned the entire field of medicine in to a financial pl...
The internet, as well as networked technologies, has significantly impacted the way businesses, governments, global enterprises and regular individuals operate on a daily basis. ... This has resulted in the need for cyber insurance. The need has been so extensive that cyber insurance is currently one of the fastest growing segments in the insurance industry. ... The major problem that falls under the topic of cyber risk is the question of how to solve the problem at hand based on the complex structure of the threat. As stated before, as the use of technology and the internet continue to increa...
The Army began using Agent Orange as a way of eliminating that problem. ... Some 15,000 veterans filed reports of Agent Orange related illnesses. ... The government began paying for hospital treatment and insurance. Agent Orange also affected Vietnam soldiers in yet another way. ... Agent Orange has been a nightmare for the former soldiers of what was a terrible and meaningless war....
