Quoting and binding policies with insurtech solutions makes it easy for clients and prospects to do business with you. It also helps your brand build loyalty and profits.
Insurtech solutions key to customer success and increased profitability
March 11, 2021 | By: Bindable
Improve customer retention with cross-selling
May 15, 2020 | By: Bindable
While many insurance agencies are focused on obtaining new customers, it’s no secret that customer retention is crucial to a business’ continued success. Studies show that increasing your customer retention rates by just 5% can net anywhere from 25% to 95% more profits. Meanwhile, it’s a common refrain in sales that attracting a new customer costs 5 times more than retaining an existing one.