Research has shown that businesses and people are expecting more and more from the professionals they work with. This provides a major opportunity for people in the insurance industry. It’s an opportunity because trust is built on relationships, and professional advisers are in the business of relationships. There is an enormous arae of research that highlights the ever increasing importance of the personal contact between a client and the professionals they deal with. In a world that is shifting online for interaction and transactions, there is still a huge demand for a face to face meetings and a personalised letter from time to time. People want to be part of a team. They want to feel valued.
Insurance brokers are in a prime position to provide that sense of value. They can easily involve themselves in and rise to the top of any professional network – standing along side or even above lawyers, accountants or bankers. Being in a role which helps identify and deal with risk is an extremely powerful and privilaged position. Insurance brokers can not only involve themselves in key decisions, but they have every opportunity to meet with their clients at their work and get hands on with their business. By seeing and understanding exactly what a company does an insurance broker can not only do their job better, but they can provide that personal touch that most businesses are looking for.
The current trend in insurance is to automate quoting systems to reduce paper and printing costs. Online transactions and pre-programmed phone menus avoid further costs by letting computers or machines deal with the more basic of enquiries. All of this automation has opened up a huge gap in what the public is after and what services are currently available. By spending a bit more time with clients both existing and potential, an insurance company will place themself in a strong position to build a strong network with the businesses they deal with.