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Helpful Insights on Choosing the Right Insurance Marketing Organization

Jan 12, 2023

Insurance Industry

Insurance Marketing Organization Insurance Marketing Organization

Independent insurance agents and brokers face increased competition from other agents and policy aggregator platforms. They need an insurance marketing agency that can provide them with better opportunities to excel in their insurance career. However, there are many insurance marketing organizations to choose from. How can you find out the best agency to go with? Let’s discuss this.

What Is Independent Marketing Organization (IMO)?

An IMO, also known as FMO (field marketing organization) is a third party that acts as a partnership between the independent insurance agent and the insurance carrier. An IMO helps insurance agents or brokers gain exposure to new products and opportunities and establish a healthy relationship with industry-leading insurance carriers. It also helps agents in the following areas:

  • Lead generation and marketing tools
  • Compliance tips
  • Licensing
  • Training to enhance your marketing skills and product knowledge
  • Contract writing
  • Field support

With an IMO, you get the opportunity to work with reputable, high-end insurance agencies that maintain healthy relationships with multiple carriers. This way, you can expand your reach across various insurance lines.

Tips for Choosing the Right IMO

Any IMO you are thinking of hiring should:

  • Help complete your back-end operations that are needed to run your business smoothly.
  • Remain answerable to any questions you may have related to insurance products.
  • Provide unmatched support and assistance in creating and customizing carrier flyers and sales presentations, accessing and using carrier portals, tracking your business, etc.
  • Provide incentives to help your business grow.
  • Offer comprehensive, career-oriented training that covers insurance products in-depth.
  • Train you on administrative operation, account management, team-building, and strategic planning to help you gain more clients.
  • Have a lead generation platform to help you easily access potential clients and mail leads.
  • Help market your brand across various social media channels to attract new leads.
  • Have enough resources and technologies to help you become a leader in the insurance industry.

Some More Insights to Partner with the Right IMO

  • A good and reliable IMO usually offers fully vested contracts, so make sure to ask a lot of questions.
  • Carry out a background check of the IMO to determine their reputation and what others say about them and their services.

Leveraging these insights will help you choose the right IMO that will provide you with the support and assistance you need to make the most of new opportunities and increase your sales and revenues.

Looking for the Best Insurance Marketing Organization? Contact FFA!

At Freedom & Faith Agency, we are committed to building business for independent insurance agents and brokers. That’s why we offer professional mentorship, tools, and skills to help insurance agents build their brands. To help you gain more clients and leads, we offer lead programs through our agency CRM and nationwide lead platform. Contact us today to expand and thrive in your insurance business. We look forward to helping you grow your insurance career.

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