Cic agency - Study guides, Class notes & Summaries

Types of Agencies -Answer 1. Standard lines P&C 2. Personal Lines only 3. Commercial Lines only 4. Non-StandardAuto 5. Life & Health Agency 6. Combination of the above Banks vs. Agencies -Answer 1. How much will the agency culture change if your agency is acquired by a bank? 2. Banks are governed by very specific federal and state laws that require them to function in a certain manner. 3. Banks tend to be more formal (in terms of rules, dress code, etc.) than agencies. 4. When acqui...

Types of Agencies - Answer-1. Standard lines P&C 2. Personal Lines only 3. Commercial Lines only 4. Non-Standard Auto 5. Life & Health Agency 6. Combination of the above Banks vs. Agencies - Answer-1. How much will the agency culture change if your agency is acquired by a bank? 2. Banks are governed by very specific federal and state laws that require them to function in a certain manner. 3. Banks tend to be more formal (in terms of rules, dress code, etc.) than agencies. 4. When acqu...

CIC Agency Management - All Lessoons Explain the Organizational Structures available to Agencies - ANSWER Sales vs. Service Oriented Large Agencies vs. Small Agencies Publicly Traded vs. Privately Held Explain the Federal and State Regulations on Agencies - ANSWER Licensing Regulations by State Regulators protect the consumer by making a viable insurance marketplace and monitoring interstate commerce Five Stages of Agency Growth - ANSWER 1 - Existence - Owner does everything, m...

CIC Agency Management Technology Utilization Benefits of Technology - ANSWER i. Increased productivity ii. Customer experience iii. Consistency iv. Employee satisfaction v. Flexibility Way to reach level 5 Optimized Utilization there are 4 steps - ANSWER i. Build the base ii. Establish the agency way iii. Measure for success iv. Move to the next level Technology review is available some options are: - ANSWER i. Peer-to-peer recommendations ii. Current venders iii. Internet se...

CIC Agency Management Technology utilization Review With Complete solutions Benefits of Technology - ANSi. Increased productivity ii. Customer experience iii. Consistency iv. Employee satisfaction v. Flexibility Way to reach level 5 Optimized Utilization there are 4 steps - ANSi. Build the base ii. Establish the agency way iii. Measure for success iv. Move to the next level Technology review is available some options are: - ANSi. Peer-to-peer recommendations ii. Current venders i...

CIC Agency Management Strategic Planning

CIC Agency Management Review With Complete solutions (VERIFIED BY EXPERT) Value Statement - ANSDescribes what an agency does, and both why and how it does it. Example: The Smith Agency values helping local businesses succeed Vision Statement - ANScommunicates a clear picture of what an agency is trying to achieve and identifies characteristics that: • reflect the long-range goals of the agency's stakeholders, • project the view of what the agency aspires to be, and • guide the ...