22 May The Future of Independent Agents
Today, you’re either thinking about the Agent Summit…or you’re not. Either way, what you SHOULD be thinking about is how to continue succeeding as an agent–and we have an answer for you. SideCars believes the future lies in Transparent Participation in Underwriting Profits, either for you or for your dealers.
What do we mean by Transparent Participation in Underwriting Profits? It means that you get to choose as the agent whether you present the full suite of SideCars products as either a reinsured, retro, or “walk away” program to your dealers. If your prospective dealer isn’t ready for reinsurance, no problem–we’ll reinsure it for you and provide a retro to the dealer.
As vehicle sales continue to decline over the next few years, your dealers will be eager to learn how they can maintain their profitability. Participating in underwriting profits doesn’t have to be complicated or bothersome, and a retro or reinsurance is an ideal way for a dealer to balance the reduction in front-end profits.
Summary: stop leaving money on the table by avoiding the reinsurance conversation with your dealers. If they aren’t ready to reinsure yet, then simply let SideCars reinsure it for you, and give them a retro from your own underwriting profits. Options are a good thing. If your dealer ever decides to “graduate to real reinsurance”, no problem. We can transition them easily. And they’ll still be your client.
Schedule a time to speak with us in Vegas here.
We are launching the reinsured version of Armor All at our cocktail party on Monday–come join us by clicking here.