Last Updated on: July 2, 2024
Hard Market Lesson - Never Stop Prospecting
Facebook
Twitter
LinkedIn

In this episode of Shoptalk, David Carothers emphasizes the importance of prospecting in the current busy market, highlighting how neglecting it can lead to a lack of organic opportunities in the pipeline. He argues that prospecting should never be abandoned, even when inbound leads are abundant, to ensure agencies are writing the types of policies they want and can control their direct carriers.

Key Points:

Importance of prospecting in insurance sales despite busy periods

  • David Carothers thanks sponsors for supporting producers in paradise, highlighting IPFS’s leadership.
  • David Carothers argues that agencies should prioritize prospecting new business, even when inbound leads are flowing.
  • He believes that relying solely on inbound leads can lead to a lack of foundation and pipeline in the future.

Prioritizing inbound vs outbound leads in insurance agencies

  • David Carothers argues that relying solely on inbound leads can lead to wasted time and effort.
  • He suggests prioritizing prospecting to secure the business agencies want.
  • David Carothers describes offshore fishing trip, including bait fishing techniques.

Fishing and the importance of efficient prospecting in the hard market

  • David Carothers shares his fishing experience and its relevance to insurance agencies in the hard market.
  • He emphasizes the importance of prospecting and hitting KPIs in the industry.

Connect with:

Visit Websites:

The Power Producers Podcast where we are refining and redefining the sales game.

Kyle Houck

Captive

Captives Have Moved Downstream: Why Middle-Market Producers Must Master the Conversation—Or Get Left Behind

For most of my 20-year career, captives felt like something reserved for the insurance elite—the jumbo accounts, the Fortune-level operations, the companies with multimillion-dollar manual premiums and entire departments dedicated to risk management. If you had asked me ten or fifteen years ago whether a $250,000 account was a legitimate captive candidate, I would’ve laughed. I thought captives were reserved for companies so complex and so large that the only rational way to insure them was to build an insurance company around their risk.

Read More »

Test Message

Killing Commercial Login