Tag: news for insurance agents

IBISWorld insurance agents news from the UK

Nordstrom
Insurance Agent jobs

Report outlines the latest in the industry for the United Kingdom. IBISWorld, has released a report with the latest insurance agents news and have identified an updated list of factors that are affecting employees within that sector of the industry in the U.K. It showed that the continued economic struggle since 2008-2009 is the heart of the current macroeconomic influence. Tim Stephen, an industry analyst from IBISWorld, explained that “there has been a resulting decrease in the need for workers’ compensation insurance, as it is determined by total employment.” He…

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Latest news for insurance agents about ITC offerings

Julie Campbell
Business insurance australia

Social media services to be offered by the Insurance Technologies Corporation. Leading rating and management services and software provider since it was founded in 1983, ITC, has announced that it is now including the offering of social media marketing among its latest news for insurance agents. This is unprecedented service and assistance specific to these professionals. According to the ITC vice president of products and marketing, Laird Rixford, “Social media requires an investment of time in order to be successful, and insurance agents don’t have a lot of time.” Rixford…

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Insurers shave their heads to raise awareness of childhood cancer

This week in Las Vegas, Nevada, eight insurance executives from some of the largest insurance groups in the country had their heads shaved. Though the insurance industry is the target of rampaging criticisms, this was not an event where insurers were punished for their business practices. The event was organized by the AmWINS Group, a large insurance group based in California, in order to raise awareness for research concerning children with cancer. The event was part of the St. Baldrick’s Foundation’s fundraising efforts on the matter. Shaving the heads of…

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Jobs in the insurance industry are slowly climbing

According to data released by the U.S. Bureau of Labor Statistics (BLS), following a small decline in jobs in November 2011, there was an overall increase of 3.3 percent in the insurance industry in December, as 3,300 new jobs were added in the last month of the year. The report released by the BLS states that in November, there was a decrease by 100 jobs in the industry, which was linked – for the most part – to health (falling to 420,700 in a drop of -0.8 percent); property/casualty (falling…

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California auto insurance industry leaders underline online auto policy sales growth

A report from Online Auto Insurance has revealed that recent talks among representatives of the California insurance industry have focused on the necessity for their agents to change their strategy for growing the number of customers who are purchasing their auto insurance online, which underlines the fact that drivers have a wide variety of different options for buying their coverage. Experts in the industry have been observing, over the last few years, that a growing number of individuals who are seeking cheaper premiums for their auto coverage are using the…

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Allstate makes changes to its controversial agent commissions plan

Marc

Allstate has announced that it will be revising its compensation plans for independent insurance agents. The company will be revising its commission strategy and pay system for agents, with the changes to take affect beginning in 2013. The new changes will be enforced throughout 2013, but the insurer has not yet revealed plans on what will happen thereafter. Allstate’s changes aim to reduce compensation for most agents, save for captive agents that work solely with the company. The insurer plans to cut commissions by 1%, bringing independent agents’ base commission…

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Forecasts for the 2012 life insurance marketplace

Nordstrom

Now that 2011 is coming to a close, life insurers are looking ahead to the new year to try to find out what they can expect from their near future. Though this process is a very cloudy one, as it is impossible to make precise forecasts about the way this market segment will perform, it is still important to try to get an image of what the future may hold. Among the more common predictions are the following: • A larger number of consumers will be starting to think about…

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