Insurance 2.0 Magazine

Waveney Group Schemes Ltd, the country's largest driving tuition insurance broker works with a panel of four UK based insurers, and have recently announced an initiative whereby for the month of February 2012, they are offering ADIs a discounts of ‘up to' 10% plus a £40 premium discount if the premium a driving instructor is being quoted by their existing insurance company is over £400 including insurance premium tax. For PDIs, Waveney will offer a £40 premium discount, subject to the premium they are competing with being over £400 including insurance premium tax. The discounts are provided by Waveney and some of its insurers. The ‘up to' 10% discount is provided by the likes of Aviva Insurance UK Ltd who allow 5% discount for an ADI grade 4 (or ungraded), 7.5% discount for an ADI grade 5 and 10% discount for an ADI grade 6. The £40 premium discount is provided by W... (more)

Waveney Group Schemes Launch £25 Driving Instructor Insurance Voucher

At a time when driving tuition insurance premiums are increasing, you'll be pleased to hear that Waveney (together with its panel of financially strong UK based insurance companies) is working extremely hard to provide competitive tuition insurance quotations for its customers For instructors that are not currently insured through Waveney, they will be providing great quotations throughout December and January which will include a £25 discount if you download and produce their voucher You can get a quotation and access to the discount voucher by logging on to: - www.driving-scho... (more)

How Many Services Do Insurance Agents Really Need?

Most people outside the insurance industry have little to no idea how much work insurance agents go through to run their business.  I refer to insurance agents running a business because nearly all insurance agents are independent contractors.  They are responsible for sales, marketing, customer service, administrative tasks, accounting, taking out the trash, and everything in between.  I have many friends who are employed by companies who provide them nearly all the resources needed to perform their job functions.  Think about it, if you were hired by a company to perform specif... (more)

The Streamlined Insurance Workflow: SuranceBay.com

Typically, the life, health, and annuity sales cycle involves at least four separate entities. First, the prospect client, then the insurance producer, followed by the General Agency (GA) that the producer works through, and finally, the insurance company. More often then not, experienced producers work with several different GA’s and multiple insurance companies. Why is it necessary for insurance producers to work with multiple GA’s and multiple insurance companies? The answer is simple … insurance producers who chose to work with multiple GA’s and multiple insurance companies (... (more)

Straight Through Processing For New Business

“The days of insurers dictating to agents how they will conduct business are over.  Insurers must meet the demands of agents if they want to grow their business” – CTO of anonymous insurance company Straight-through processing (STP) of new business insurance applications is becoming more attractive for insurance companies and insurance agents as a means to transact business.  If you are unfamiliar with straight-through processing of new business applications, it basically means that the insurance agent can complete an application for his or her client directly on the insurance c... (more)