08/04/2016
While many of my friends in the insurance industry might disagree with me, insurance in its purest form is a commodity.
What companies and agencies need to do is recognize this fact, and differentiate themselves from other by adding something to the equation. Starbucks has figured this out in the world of coffee; it's time we figure this out in the insurance world as well.
It shouldn't be a game of who can offer insurance for the lowest premium, but rather a healthy competition of who can add value to where the cost is secondary to the product and services being provided.
Create a unique selling proposition around your customer's fantasy buying experience and your company benefits.