Cic agency management Study guides, Class notes & Summaries

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 Sales oriented - ANSWER Greater emphasis on sales and competition between employees Service oriented - ANSWER Greater emphasis on satisfying customer Large agencies - ANSWER More employees you have the less crucial each employee More flexibility with vacation and holidays Greater chance required to follow certain federal and state regulations Small agencies - ANSWER Employees play more critical roll Less flexible with time off and vacations Not subject to cert...

CIC Agency Management Exam studyguide 2023...

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...

CIC Agency Management Exam- All Lessons 2024 Updated 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 ever...

CIC AGENCY MANAGEMENT EXAM QUESTIONS WITH CORRECT ANSWERS

CIC Agency Management - All Lessons 2023...

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, must be creative to survive 2 - Survival - mana...

CIC Agency Management

CIC Agency Management - All Lessoons