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Small Business Insurance Brokers and Self-Sufficient Clients - Ep. 5

By The Layr Team   |  10/01/2024


A thoughtful approach to commercial  insurance transformation: Key questions to ask now


Watch as our leadership team guides brokers through the changing economics and policyholder experience landscape to help them better understand the role of technology.

 

Episode 5: Director of Broker Partner Integrations & Implementation Ryan Freeze explains the growing demand among policyholders for the ability to find and access their own documents.


 

Video Transcript 

Self-Sufficient Clients for Small Business Insurance Brokers

There are several benefits to making policyholders more self-sufficient. 

Increased Insurance Agent Capacity

Making policyholders more self-sufficient creates additional capacity for agents, allowing them to handle significantly greater volumes of policies than with traditional tools. This generates profitability and efficiency lifts for the insurance brokerage.

Organized Insurance Workflows

The insurance industry has all the workflows and infrastructure necessary to provide the right coverage, but the problem is that they are not organized or connected layers. Technology takes these insurance workflows, organizes them in a way that is intuitive to the policyholder, and finally connects them to reduce the time to complete the task. This creates the policy-level unit economics that our brokers need to succeed.

Self-Sufficient Clients Make Small Business Insurance Brokers More Profitable

Look at your book of business, and if you're caught in the typical cycle of spending 80% of your time on 20% of your revenue, call us because Layr can solve this through automation. 

 

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