Brownstone 
 Bulletin

Brownstone Insurance
200 Cordwainer Dr., Suite 300
Norwell, MA 02061
www.brownstoneinsurance.com
RowofBrownstones

Dear Brownstone brokers,

 

Statistics prove that the insurance industry is aging.  Quickly.

 

With the average age of insurance professionals at 54 and 60% of the industry professionals being older than 45, it's easy to wonder where all the young people are. 

In this issue, we'll discuss how generational differences and a lack of young insurance professionals in the industry today are affecting the success of our business.

Where are All the Young People?
Where are all the young people?Current statistics indicate that there are 2.3 million workers in the insurance industry, and more than 1.0 million of those workers will reach retirement age within the next 10 years.

Where does this leave our industry?

To position our agencies to succeed in the future, innovative, creative methods must be explored and the generational gaps which may sometimes hinder production within an agency or deter younger people from taking an interest in insurance must be addressed and resolved.
 

Click to Continue...
Read More about the Generational Differences in Agencies > >

Interesting News

Superior Court Rules Daily Fines are Reasonable Against
Pigeon-Feeding Unit Owner


Owners of a Boston condominium had a messy ordeal to clean up due to aDon't feed the birds! unit owner that insisted on spreading birdseed in and around the condominium's common areas and public sidewalk.

The condominium repeatedly asked the unit owner to cease the feeding, citing possible health hazards to community members caused by the increased number of pigeons and other rodents and their messes that were now being drawn to the property.

 

Click to Continue...
Read the Fate of the Unit Owner > >

A Minute With Monty...
New Kids on the Block
 

I don't know about you, but I am not getting any younger.  If you are, let me know your secret!

I was having a conversation with some agents the other day and we said to each other, "Where are all the kids?" 

Look around you.  What do you see?  People that look like me, right?  Mid 50's, give or take 10 years.  There are no kids unless it is the owner's kid.

 

Click to Continue...
Read the Rest of Monty's Thoughts >>

 


Monty

Words of Wisdom
"What agent doesn't want to work with underwriters that want to write business?

That's why Brownstone is one of our "go to" guys.


Their underwriters realize that time is of the essence and they know how to get it done - QUICK!  Their rates are very competitive and their product is geared toward the needs of our habitational clients.  Once your completed application is in their hands - their turn around time is second to none.

Brownstone Insurance underwriters "GET IT." 

 

They are easy to deal with and that's why Amity Insurance loves dealing with the Brownstone group."

 
- Robin Morse, Amity Insurance

As you start this new year off, keep in mind the importance of accepting generational differences within your agency and look for ways to use those differences to better your company.

- Glenn "Monty" Montgomery
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IT FIGURES...

42%
Percentage of insurance workers who are in office and administrative support positions.

 

29%
Percentage of insurance workers who are in management or business/financial operations positions.
 

17%
Percentage of insurance workers who are in sales-related positions.


8%
Percentage of insurance workers who are employed part-time.


2.3 million
Estimated total number of insurance-related jobs in 2008.

5 STEPS TO BECOME A SUCCESSFUL INSURANCE PROFESSIONAL

Tip 1 - Be an expert in your niche.  Consumers have plenty of resources at their disposal to do research themselves.  Be their resource by proving yourself as the only expert they need.

Tip 2 - Get to work! No one ever became good at anything without putting some effort in.  Hit the pavement, make calls, etc.

Tip 3 - Focus on your clients, and work towards earning quality referrals from your current client base.  Provide unique and deserving services to your top clients, such as sending out birthday cards, holding client appreciation events, etc.

Tip 4 - Don't be afraid to try new methods.  Social media is still developing as a means of marketing and interacting with people, but is just one of the latest improvements in technology that are worthwhile to explore.

Tip 5 - Gain loyal customers by providing great customer service and proving that you care about their insurance needs.  It costs businesses 10 times more to gain new customers than it does to keep existing ones.
 

RESOURCES FOR YOUNG AGENTS

Young Agents Association

 

InVest

 
Insurance Journal Podcast Regarding the Future of the Insurance Industry

 
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