Country Club Memberships Aren’t Enough to Grow Your P&C Insurance Business

Selling P&C insurance can be difficult because the space is competitive. Discover 4 ways your P&C firm can leverage new techniques to land quality appointments.
Reading Time: 3 minutes

Securing quality appointments to sell P&C insurance is hard. It’s hard because the incumbent is the decision maker’s brother-in-law’s golf buddy. It’s hard because the space is competitive. It’s hard because it’s perceived as a commodity.


But mostly, it’s hard because commercial insurance firms haven’t embraced new marketing tech / outsourcing strategies for their business insurance services.

According to an article by KPMG, “commercial insurance is characterized by complex buying processes in a large valuable market, making the sector ripe for disruption”. The article further suggests that one trend fueling this potential is the need for “collaborative development of solutions to meet emerging customer needs”.

With this as a backdrop, the obvious key becomes: how can commercial insurance firms leverage new marketing techniques to share how they collaborate, create custom solutions, and get quality appointments?

Here are a few recommendations:

1. Stop Using Unclear Language to Describe What You Do.

Your prospect doesn’t know what it means that you are a risk management consulting firm that helps your company secure itself for years to come. You sell insurance. Don’t run from it. Focus less on the jargon and on not being classified as “just another broker” and start focusing on your company’s unique story.

Words play a unique role in converting potential clients to actual customers.

2. New Marketing Tactics Are for YOU.

I know. I know. Focus on the “centers of influence”. Work your network. Get involved in the community. All tried and true. All important. All things that all your competitors are doing.

3. Outsource Meeting Setting

Selling and appointment setting are totally different skill sets. In all likelihood your top producers like, are best at, and want to spend most of their time closing.

So let them!

4. Go “Down Market”

Avoid some of the competition from the bigger firms.

Unfortunately, again, you’re not the first to have this idea AND, in other bad news, the bigger P&C insurance firms are going down market as well. Frankly, it’s going to take you as much effort to win down market than it is up market. Know your value. Believe in your value. Don’t shy away from chasing larger deals.

Obvious caveat: If your bread and butter is companies with 50-300 people, don’t go after a Fortune 25 account.

All of this takes time, and I’m probably telling you stuff you already know. But it’s worth restating over and over again where the market is headed.

Keep paying your dues and don’t cancel your tee time, but don’t write off the importance or value of technical disruption in the insurance space.

—-

If your P&C firm wants to drive more pipeline each month without having to rely on referrals, Sapper’s lead generation team has worked with insurance companies all around the country to get them quality meetings month over month. Learn more about how to outsource appointment setting by clicking the button below.

Let's Meet

Share this with a friend:

Share on facebook
Share on linkedin
Share on twitter
Share on pinterest
Share on email

About The Author

About Sapper Consulting

Sapper's sales prospecting team becomes a natural extension of your existing sales efforts, helping you find new leads that are a great fit for your business.

Looking For More?

We publish some of the industry's best guidebooks on lead generation with real, proven strategies to grow business. 

Skip to content