Independent insurance agents are finding new ways to grow their businesses, particularly by exploring the commercial insurance market. With a strong demand for commercial property and casualty insurance, agents are looking for opportunities to diversify their portfolios and increase revenue.
A recent report from McKinsey highlights that premiums in the global commercial insurance sector have risen by an average of 8% each year over the last five years. This trend presents a significant chance for agents to tap into various market segments, such as commercial trucking, cyber liability, and property insurance. Now is an ideal time for agents to take advantage of this expanding market.
Despite the potential for growth, many agents hesitate to enter the commercial lines space. Concerns about time-consuming quoting processes and the complexity of managing multiple carrier portals often hold them back. However, modern agency management tools are designed to simplify these challenges.
EZLynx, a leading agency management system, has integrated with Tarmika, a top commercial lines quoting tool. This integration allows agents to obtain quotes from multiple carriers through a single entry point, streamlining the quoting process and reducing the need to switch between different websites. By minimizing repetitive tasks, EZLynx and Tarmika help agents focus on growing their commercial lines business without the inefficiencies that have traditionally been a barrier.
Quoting multiple commercial lines can be tedious. Agents often spend hours gathering data and entering it into various carrier portals. With the EZLynx and Tarmika integration, agents only need to enter client information once. This data is then sent to Tarmika, which returns all quote results directly to the EZLynx system. This not only saves time but also reduces quoting costs, with Tarmika reporting an average savings of $50 per risk and about 80 minutes saved per quote.
In addition to saving time, the integration also helps agents avoid errors and missed opportunities. Keeping track of changing carrier appetites and new products can be overwhelming. Without an integrated quoting portal, agents may overlook important details or miss out on better coverage options. The Tarmika integration connects agents to over 35 carriers and five essential products in real-time, ensuring they have access to the best solutions for their clients.
Expanding into commercial lines is a significant step for any agency, but technology is making this transition easier. With tools like EZLynx and Tarmika, agents can streamline their workflows and access a wide range of carriers. This allows them to focus on what matters most—providing the right coverage for their clients. For those ready to elevate their agency, the EZLynx-Tarmika integration offers a valuable opportunity to tap into the commercial lines market and drive revenue growth.