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March 01, 2017 at 12:49 PM
Health insurance agents may care a lot more about access to online compensation management tools than they care about contests.
Tom Scales, the Clearwater, Florida-based research director of Celent, has published data supporting that conclusion in a summary of results from a recent survey of agents who sell ordinary major medical coverage, Medicare plans or supplemental health benefits.
Related: CNO hopes to improve Bankers Life agent retention
Vertafore Inc., the parent of the BenefitPoint system and the My Agency Reports data reporting system, commissioned the survey to learn more about what agents are thinking, and it handled questionnaire distribution. That means Celent might have ended up with data for agents who are unusually interested in using online tools, and unusually uninterested in winning trips to beach resorts.
A participant count was not available. Only 9 percent of the participants said they were under 45.
Celent asked participants a wide range of questions about their characteristics, the factors they use to evaluate insurers, and what they think insurers should do next.
One of the questions was about compensation.
“Competitive commissions” ranked first: About 80 percent of the participants said competitive pay is a must-have.
