Insurance Services-highly effective solution for any aspcet of a finanacial institution's insurance sales
ProfitStars’ insurance agency solutions group enables financial institutions to own a complete insurance agency, offering the widest selection of insurance products with the best combination of price, selection, and convenience to customers/members. ProfitStars® does this without the inherent operational risks or the significant capital investment involved in building or buying an agency. This is possible because of the huge negotiating and buying power ProfitStars enjoys. Insurance services includes an excellent solution for those financial institutions that have already built or bought an insurance agency, but are not seeing a return on the investment. Insurance Agency Consulting provides a staff of insurance experts who can review the financial institution’s program and look for things that will improve it. ProfitStars offers a highly effective solution for any aspect of a financial institution’s insurance sales.
Here is an example of how ProfitStars partnered with one client to help them develop their insurance agency:
Once one credit union chose ProfitStars as its partner, the credit union’s management started working with the complex logistics of establishing a CUSO (credit union service organization) to house the insurance agency and dealing with government agencies. As the member services director recalls, “In many respects, establishing the CUSO was more time consuming than working with ProfitStars to set up the operations of the agency … working with ProfitStars was certainly more pleasurable than buying or building an insurance agency!”
To foster a successful rollout to the credit union’s members, ProfitStars also developed a Web-based instructional video for the new agency. Available as a link from the credit union’s Web site, the online video quickly educates members about the ease of using the credit union’s agency to get quotes from multiple carriers, with a focus on saving the member time and money. A link provided at the end of the video directs viewers to an online information request form. From there, the members’ data automatically download into the insurance agency’s contact management system.