Wednesday, March 7, 2012
Be Ready for the effects of an accounting & regulatory merger
It is expected that the lack of celerity in regards to new regulations will continue through the 2012 year. This is large in part due the vested interest pushing for certain reform. The emerging regulations will poss both challenges and opportunities in the insurance sales industry.
A sure way it increase sales in turbulent times is to utilize Leads2Results. Leads2results in now offering live transfer leads, so you can get in touch with perspective clients directly.
One huge change is the formulation of the FIO or Federal Insurance Office which is overseeing many various topics, rules, and regulations one of which being how to get insurance to those who, in the past, have not had the chance to get it.
There is also the NAIC or the National Association of Insurance. These two committees my have difficult co existing as it is predicted they will butt heads on a few issues. The major controversy in short, over whether the Solvency Modernization Initiative, aka Solvency II, or the NAIC should have the ultimate say.
This decision will effect the structure of insurance companies who work along with European insurance companies and the structures with which the work together. Some European interest many not want to continue there involvement with US companies due to the increase in capital requirements that may take place.
If this should happen, increased sales will be of the utmost importance. Leads2Resutls has the costumers needed should these changes take place.
Regardless of whom is the overseeing power, both demand a comprehensive layout of a companies risk profile. It is of most importance that management fully understands the ways in which risk capitol is calculated. During this time of revamping risk models, insurers should seize the opportunity to make improvements in business decisions. Once your team has prepared there new product, Leads2Results can help make it a success with there life insurance leads.
There are also changes taking place on a much smaller scale, and can effect specific life insurance products including but not limited to secondary guarantees and index annuities with guaranteed life benefits. What ever the product, it is expected that there will be an increase in competition amongst states due to varying regulation. Leads2Results can help increase your sales and beat out your competition by finding you new clients and connecting you directly to them with out live transfer leads.
The most important thing to do is to understand the changes in regulations, from the global level to the state level, so that you can best be prepared for what is to come. In doing so you will be able to seize the moments and come out on top where others can not.
Sales is a huge part of potential success, and Leads2Results can greatly increase your odds of success. We have a number of fantastic products for you to choose from. Check out Leads2Resutls Live Transfer Leads, real time internet generated Life insurance leads, or save lots of money while increasing volume with Leads2Results aged leads. Any questions just give one of our friendly leads specialist a call at 1-800-486-8614 and they will take good care of you.