Employees often consider enrollment as an event, but it should be presented and viewed more as a process, with lots of communication involved. The success of an open enrollment relies on planning, so companies need to create a multi-year open enrollment strategy that they market year-round.For ongoing success, there needs to be in-depth and advanced preparation along with taking things into consideration for all parties involved. This list includes brokers, enrollment organizations, employees and employers. It is possible to establish a well-rounded relationship with all parties by engaging and communicating with all of them openly. Read More
Benefit providers are having a tough year in 2015. Potential obstacles loom for providers if they're not ready to face them. If you want to be successful, you must provide benefit plans that are effective enough to help your clients recruit and retain top talent.Read More
Difficulty reaching new markets is the biggest impediment to insurance industry growth, according to a recent survey conducted by Genius Avenue.
In April 2015, we surveyed insurance brokers, MGAs/MGUs, benefit providers, and insurance carriers. We received 318 anonymous online responses from industry professionals across the country.
The following infographic, The Biggest Business Challenges in the Insurance Industry, reports our findings and outlines what growth issues companies in the industry are facing, what products they’ve had difficulty launching, and what product systems they are currently using. We also share some simple tips to help address these specific issues.Read More