Read how a top Insurance MGA improved agent relations and positioned itself for tremendous growth by re-evaluating its in-house commissions system.
United Insurance Group is a subsidiary of Penn Treaty Network America specializing in senior age insurance products and has 15,000+ agents. Their increasing growth was hindered substantially by its in-house commission system in the following ways:
Paying agents was labor-intensive and wasting inordinate amounts of time and resources
Lack of an automated system for calculations led to errors
Agents lost confidence due to inaccuracies and late payments
Support staff was inundated with service calls from producers
Difficulty designing effective sales incentive plans led to stagnated sales growth
UIG implemented a new system, seeing rapid results after a 90-day implementation period and gaining an ROI in less than 12 months.