Zacharia, you almost sounded decent until that last part: The goal is to get consumers to purchase through your platform over purchasing from a live agent; and this is in no way a tool to help human agents. You may be a brilliant MIT graduate but this is one more human step to depersonalize intelligent interaction. Unimpressed.
Only a ploy to get rid of the Professional Insurance Agent and the advice and good counsel that the agents provide, just so insurance companies can make additional obscene profits.
The public is being steered to do all the work themselves, enter the data, print off the Id cards, review their policies (or not!). The Insurance companies don’t pay out any commissions, eliminate jobs and save a bundle while the public at the end of the day gets screwed.
The public unknowingly assumes all responsibility!! Up front sounds great! “I will do it myself and SAVE!” But when proper coverage (additional PIP, rental reimbursement or good liability limits)are not on the policy they will have no recourse, no E&O to go after, no one to yell at but their own selves. Win, Win, for the Insurance companies.
Jane, I have a few markets who have asked every year to allow them to handle customers direct for us in exchange for a small fee. Their pitch is that it will allow us more time to sell new business. We tell them thanks, but no thanks since we like to maintain contact with our insured’s and work them for referrals. We also don’t want a company person trying to explain a rate increase or a coverage change and if we need to move them to another market, that company rep is not going to help.
I saw an article about Insurify with a tag line something like “Get a car insurance quote in less than 10 seconds!” First it was 15 minutes, then 7 minutes, then 3 minutes, now we’re at 10 seconds? Does anyone care that consumers are being sold trash insurance policies with minimum limits? Does anyone care that they lack the coverage and limits to pay people they hurt? Regulators should be ashamed.
It’s no mystery that the younger generation is making a strong push for commoditization and won’t understand why choosing the right insurance provider is important until it’s too late and their first claim is denied. Insurance providers MUST educate the public on their value proposition as their competitors are soaking up market share by pitching “savings”. As insurance rates drop, it is more important than ever that companies understand their competitive pricing position so that they don’t totally price themselves out of consideration and get washed up in the wave of online shoppers looking for the cheapest option.
What many don’t know is that most major companies like GEICO, Allstate, Farmers and large Independent Agent companies are raising rates on Auto. These instant quote sites that give quotes without reports tend to backfire on people once the tickets and accidents are put in and the rate increases on top of that. What a scam!
Zacharia, you almost sounded decent until that last part: The goal is to get consumers to purchase through your platform over purchasing from a live agent; and this is in no way a tool to help human agents. You may be a brilliant MIT graduate but this is one more human step to depersonalize intelligent interaction. Unimpressed.
GoldC, we know all about MIT people with that lying professor on Healthcare.
Only a ploy to get rid of the Professional Insurance Agent and the advice and good counsel that the agents provide, just so insurance companies can make additional obscene profits.
The public is being steered to do all the work themselves, enter the data, print off the Id cards, review their policies (or not!). The Insurance companies don’t pay out any commissions, eliminate jobs and save a bundle while the public at the end of the day gets screwed.
The public unknowingly assumes all responsibility!! Up front sounds great! “I will do it myself and SAVE!” But when proper coverage (additional PIP, rental reimbursement or good liability limits)are not on the policy they will have no recourse, no E&O to go after, no one to yell at but their own selves. Win, Win, for the Insurance companies.
Jane, I have a few markets who have asked every year to allow them to handle customers direct for us in exchange for a small fee. Their pitch is that it will allow us more time to sell new business. We tell them thanks, but no thanks since we like to maintain contact with our insured’s and work them for referrals. We also don’t want a company person trying to explain a rate increase or a coverage change and if we need to move them to another market, that company rep is not going to help.
I saw an article about Insurify with a tag line something like “Get a car insurance quote in less than 10 seconds!” First it was 15 minutes, then 7 minutes, then 3 minutes, now we’re at 10 seconds? Does anyone care that consumers are being sold trash insurance policies with minimum limits? Does anyone care that they lack the coverage and limits to pay people they hurt? Regulators should be ashamed.
It’s no mystery that the younger generation is making a strong push for commoditization and won’t understand why choosing the right insurance provider is important until it’s too late and their first claim is denied. Insurance providers MUST educate the public on their value proposition as their competitors are soaking up market share by pitching “savings”. As insurance rates drop, it is more important than ever that companies understand their competitive pricing position so that they don’t totally price themselves out of consideration and get washed up in the wave of online shoppers looking for the cheapest option.
What many don’t know is that most major companies like GEICO, Allstate, Farmers and large Independent Agent companies are raising rates on Auto. These instant quote sites that give quotes without reports tend to backfire on people once the tickets and accidents are put in and the rate increases on top of that. What a scam!