A Guide for Selecting the Right Insurance Agency Management Systems for Your Agency

Insurance agency management systems have become an essential factor in maximizing an agency’s growth potential. Insurance software like AMS helps your agency to streamline all your operations and integrate them into a single system. Therefore, agencies can then focus on providing customers the service they need seamlessly.     

In this blog, we will guide you on what you should look for in an agency management system (AMS) that best fits your agency. We will also talk about why using insurance technology like AMS will do wonders for your agency.    

Moreover, if you are an insurance agent and you run insurance agencyyour firm is bound to grow. You’ll have a big book to handle, vast chunks of data and paperwork to sort and above all, a lot of customers to manage. That’s where an insurance agency management software comes to your rescue.  

Now, there are more than 70 AMS available in the US market. And as per IIAMDthese software tools can cost you anywhere from $1,000 to $5,000 for a start-up. Likewise, monthly fees can be $60 to $600.   

According to InsureUp, GlobalData’s 2017 general insurance survey, found that 18% of buyers would instead purchase their auto or home insurance from Amazon.

Therefore, before you choose an AMS for your agency, you need to identify your needs and select the one that best fits your agency. Moreover, keeping up with the trends in the industry is a must! 

Now let’s discuss some of the essential checkmarks you need to look at before using an AMS for your agency:  

Automate everything – a single platform for all your agency operations!

 Agency management system is a software as a service technology for insurance agents. A sound insurance management system allows you to manage and automate your entire business operations in a single platform. Therefore, with cloud-based data storage, it should enable your agents to access customer data whenever necessary.    

As per McKinsey Global Institutefinance, and insurance have a 43% automation potential. What’s more, Mind Tree predicts that by 2025, 25% of the insurance industry’s task force may face replacement.   

The AMS that you’re planning to use should have an integration of close to every operation that your agency runs. For instance, agents should be able to gain access to customer data to file for an insurance endorsement at any time of the day. Therefore, at the same time it would be great if the system could generate multiple quotes instantly.    

Click here for the Infographic

Build up and monitor your Sales funnels – it should be more than just a CRM insurance software.

An excellent AMS does not only facilitate automation for operations and documentation. With the exponential growth of Insurtechagencies can keep a visual track of their sales funnels at a single glance.  

You can monitor your leads and their behavior with consistent records of data. Marketing automation will allow you to fuel your pipeline with leads and help you with your conversions effortlessly. Do your clients need auto insurance? Would an insurance endorsement be better to fill the gap according to their needs? You can quickly know it.   

You can also quickly analyze which is the weakest part of your funnel. After knowing where you’re losing your leads, you can restructure your automation accordingly. Therefore, with built-in CRM and marketing automation, your agency can also enhance your relationship with customers.  

Moreover, your AMS should be able to service their needs on a real-time basis by instant data-driven solutions. Customer retention rates go significantly higher if your insurance software can give them the right and effecient service when they need it the most. 

Integration with multiple carriers- AMS that provides the best array of quotes in a zippy!

An agency management system exists to make the life of an insurance agent easier. Yes, it does have automation and a single platform for all the needs, we get that. Therefore, a great AMS should also facilitate data integration that supports a wide range of carriers and their policies.    

Your AMS should be able to generate accurate quotes from a vast pool of carriers in an instance. You can easily impress your client with the fast quotes that give the best coverages for their exposures.    

Therefore, AMS will help you with the back-office functionality. That will cover programmed workflows and commissioning, making your jobs easier.  


Learn how you can flourish as an agent after one call!

Schedule a call right now and learn how you can ease your work, sell more, and increase your profits!

Create real-time reports and analysis- Know where your agency stands!

A powerful agency management system should be able to provide accurate, easy-to-read reports whenever needed. Generating accurate reports can help an agent avoid false accusations against him. Many times an agent can be filed with an Errors and Omissions lawsuit against him. Therefore,having an AMS will lessen the risk of getting an E&O suit as you can know what position your agency is operating.    

The AMS you’re deciding to select should be able to produce visually appealing reports backed by accurate numbers. It should be able to tell you your agency’s status in financial as well as an operational standpoint. The AMS should have a cutting edge technology.   

Therefore, with an updated reporting system, decision making for your agency will prompt without missing any calculations.    

Use the right Agency Management System for your agency and see your agency grow!


If the AMS you’re looking into possesses all the qualities that we mentioned above, go for it.  

AMS will help you increase customer satisfaction, data security, and provide a quick turnaround time for claim settlement.   

Therefore, using the best insurance software that fits your agency will nurture endless growth!   

What do you think are the best Insurance Agency Systems in the market right now? Let us know in the comments down below! 


Learn how you can flourish as an agent after one call!

Schedule a call right now and learn how you can ease your work, sell more, and increase your profits!

Share This Infographic On Your Site

Pin It on Pinterest

Share This