“We don't rise to the level of our expectations, we fall to the level of our training.” ― ArchilochusRead More
There's been a renewed interest in commercial lines data exchange over the last year, and it has us excited. Since 2007, Policy Works has worked with 12 different insurers to build various commercial lines data exchange API's (integrations). We've learned a lot along the way and we want connectivity to succeed as much as anyone else. So we're sharing some of our experiences.Read More
Your brokerage has a data strategy.
You've either intentionally crafted one that everyone follows. Or, you haven't and everyone does things their own way. Either way, your staff are collecting, saving, entering and using data every day.Read More
“It’s not enough to be busy, so are the ants. The question is, what are we busy about?”—Henry David Thoreau
One of the most challenging tasks for management, in any organization, is creating alignment between strategy and operations. Brokerages are no different.Read More
I recently attended the Insurance Analytics Summit in Toronto. It was an interesting event, even if it was heavily skewed towards insurers. Here's what I learned.Read More
For years we've been working with commercially-focused brokers across Canada. And it always surprises me when I see brokers sending insurer-branded quotes directly to their prospects and customers. No brokerage branding. No personalization. Just the insurer-branded PDF.Read More
Earlier this month, CSIO announced an initiative to create a working group to advance the implementation of data standards in commercial lines (here's the press release). Why is this important?Read More
In a previous blog, I discussed the nature of insurance in terms of how well consumers are able to evaluate the service provided by brokers.
Insurance, especially the more complex commercial environment, is not easy to evaluate. Unless a business owner has a background in commercial insurance, they have no way of telling how well their broker is doing their job. They have to go on good faith, or trust.Read More
I recently visited a brokerage client, one you would call small to mid-sized. One of the primary commercial account executives talked about the frustration of working on ‘waste of time’ activities like generating certificates or processing endorsements for small accounts that really didn’t generate a lot of revenue.Read More