November 1, 2022 – The current producer licensing and onboarding process is complex, cumbersome, and predominantly manual-based for insurers. It can lead to prolonged onboarding times and can increase the difficulty of ensuring regulatory compliance. A modern, streamlined onboarding solution is paramount for insurers to keep up with an ever-changing agent workforce and reduce their compliance risk.
This report provides an overview of the existing system and process complexities facing insurers during producer onboarding and management, plus recommendations on how insurers can invest in new capabilities to enhance efficiency in onboarding. It was sponsored by AgentSync and is based on Aite-Novarica Group’s domain expertise and knowledge base, along with secondary research and briefings with industry executives.
This 14-page Impact Report contains three figures. Clients of Aite-Novarica Group’s Life, Annuities, & Benefits or Property & Casualty service can download this report and the corresponding charts.