Watch now: How is the distribution landscape shifting in insurance policies?
Johnson explained that his company’s conversation with unbiased agencies was a important driver in earning recognition as a 5-Star MGA.
“I feel our associations with our unbiased organizations is a significant element, in that we concentrate a ton on relationships with our brokers and how we interact with them – and also with our lover organizations,” Johnson reported. “It’s quite vital to us how we interact and how we create relationships. Which is the most important aspect of the insurance plan market – making strong associations.”
That emphasis turned even additional vital through the pandemic, Johnson stated.
“Throughout our COVID time period in the past two years, we have manufactured a enormous level of calling our brokers – earning certain they are okay, earning sure that we’re providing the products and services that they want throughout that time,” he said.
Read following: Johnson & Johnson acquires two divisions of Midlands Management
Johnson also spoke about the evolving distribution place.
“Obviously, the landscape is altering with mergers and acquisitions,” he said. “I’ve under no circumstances noticed the quantities that have been merged alongside one another, and naturally there is some definitely major MGAs, and there are medium and then there are small MGAs. The lesser MGAs are starting to be less and less, so I believe that landscape is altering.
“Then, definitely, digitization and digital transformation in the insurance policies space is happening. … But I imagine, once more, we use two hats. We are partnership-oriented to our products and money vendors, and then we’re marriage-oriented to our unbiased agents. And men and women want to do organization with people today they can belief.”
Look at now: How is the distribution landscape shifting in coverage?