Entrepreneur Tips and Discussions

Insurance companies should offer multi-year policies and save millions in redundant paperwork.

Insurance companies spend hundreds of millions of dollars renewing policies every 12 months, and in most cases, nothing has changed but the calendar. It’s a never ending slog of paperwork, signatures, voicemail, email, thousands of administrative hours, and it’s all for nothing. I know this because I worked in insurance, and my wife still does.

Give customers the option to renew annually, or every two years. Offer them a reduced rate for eliminating tons of busy work and staying with your insurance company. This is a win win.

View Reddit by Odd_cravingView Source

Leave a Reply

Your email address will not be published. Required fields are marked *