According to the U.S. Census Bureau, the 65-and-older population will almost double over the next 30 years, reaching 88 million by 2050. Workforces are aging quickly, and the insurance industry in particular is especially affected by this.

Millennials. They’ve almost become a buzzword in today’s world as study after study comes out about the generation. What kind of shifts will this cause in the commercial insurance world? Read on to find out.

Being a successful independent insurance agent is about a lot more than having a great product. While the conversation does eventually come back to what you have to offer, you’re not likely to get an audience with most small and mid-size business owners unless you already have a digital presence.

By Andy LaMar

Agents, do you want to find more effective ways to connect with policyholders and potential customers? New technologies present huge opportunities to better engage customers. Agents who embrace these technologies to maximize customer relationships will position themselves to win more business.

Top Technology Trends Agents Must Use

Many clients find it challenging to pay large up-front premium deposits to bind workers’ compensation coverage and make timely installment payments. They also find it increasingly difficult to comply with ever-changing IRS tax-filing rules. The answer many agents offer is a popular “cash flow” payment option known as pay-as-you-owe (PAYO), sometimes referred to as pay-as-you-go. This payment option gives businesses a more efficient way to pay their worker’s compensation premium.

In the small business insurance industry, things happen fast, and we need systems to be proactive, rate quickly, and help in growing our book of business.

According to Tracy Hrycuna, Workers’ Compensation Product Team Supervisor at AmTrust, AmTrust Online was designed to provide agents with the fastest, most efficient system to bind new business and maintain existing accounts. Whether binding workers’ compensation insurance to an existing book, or building a new one, AmTrust agents are able to submit with ease and efficiency.