Business
On this episode of MOVE, Andy Albright joins a panel to discuss the future of the insurance industry and the challenges facing agencies in the United States during the . The all-star brokerage panel featured Albright (President and CEO of The Alliance), Tim Ash (CEO of the Ash Brokerage), Stuart Murdin (National CP of Sales, SelectQuote) and was moderated by Butch Britton (insurance industry veteran). Listen as the panel tackles the following burning questions: How will insurance intermediaries retain the dominant position we have now? Consumer relevancy and sentiment ... the insurance industry is not viewed as favorably as it used to be and its products are not as relevant to consumers as they used to be. Why? How can this trend be reversed? How can the industry grow? 50 years ago there were more than 20 million policies sold, but now the industry only sells about 10 million policies into a population that has almost doubled in the last 20 years. How does the insurance industry get back to 20 million and beyond? The SEC is proposing a best interest regulation. What was the impact of a fiduciary or best interest standard from the SEC have on insurance products? Would it increase the opportunity for life insurance sales or decrease the opportunity? What advice do you have for the people at NAILBA to grow their business? What does a successful entrepreneur need to do every day in order to grow their business over the long term? www.AndyAlbright.com @AndySAlbright #AndySAlbright #TheAlliance #DoTheDo