{"id":251944,"date":"2023-09-22T14:27:57","date_gmt":"2023-09-22T14:27:57","guid":{"rendered":"https:\/\/www.staging.trustedchoice.cloud\/advantage\/?p=251944"},"modified":"2023-09-22T14:32:48","modified_gmt":"2023-09-22T14:32:48","slug":"claim-it-opportunity-trends","status":"publish","type":"post","link":"https:\/\/www.staging.trustedchoice.cloud\/advantage\/blog\/claim-it-opportunity-trends\/","title":{"rendered":"Claim-it Opportunity Trends"},"content":{"rendered":"<p>Claim-it<sup class=\"trademark\">\u00ae<\/sup> Referrals are high-intent, real-time insurance leads that come through TrustedChoice.com. After the insurance prospect shares their needs, we suggest local agents suited for their business. If the prospect doesn&#8217;t end up choosing an agent themselves, we alert Claim-it registered agents who have an appetite for the business, allowing them to exclusively &#8220;claim&#8221; the referral. Once claimed, the referral is exclusively theirs and agents only pay for the referrals they claim.<\/p>\n<p>It works a lot like Uber, which is why we are calling Claim-it &#8220;the Uber of insurance.&#8221; Through this revolutionary crowdsourcing approach, we are helping independent insurance agents to <a href=\"https:\/\/www.staging.trustedchoice.cloud\/advantage\/blog\/how-claim-it-allows-agents-to-provide-instant-service-to-insurance-consumers\/\">meet consumer demand in real-time<\/a> and compete with larger, captive agencies while allowing them to grow their business on demand.<\/p>\n<p>So now that you know a little more about how Claim-it works, let&#8217;s take a look at what types of opportunities our agents are being presented with!<\/p>\n<h2>Examples of <span style=\"text-decoration: underline;\">real<\/span> Claim-it Referrals<\/h2>\n<p>The number of available Claim-it Referrals has grown over 500% in the last few months. These are actual, high-intent commercial and personal lines insurance buyers who want to connect with an agent right away. In fact, our Claim-it agents are reporting closing ratios of around 40% and even higher! We realize that may sound too good to be true, so wanted to share a few examples of actual opportunities that have come through recently.<\/p>\n<ul>\n<li>Consumer in Minneapolis, MN seeking <strong>auto, home &amp; umbrella<\/strong> coverages with an estimated premium <strong>greater than $10,000<\/strong><\/li>\n<li>Construction Management company in Austin, TX with <strong>over 100 employees<\/strong> and more than 10 years in biz seeking general liability, commercial auto and work comp coverages with an estimated <strong>premium greater than $25,000<\/strong><\/li>\n<li>Consumer in Seneca, SC seeking <strong>auto, home &amp; farm<\/strong> coverages with an estimated premium <strong>greater than $10,000<\/strong><\/li>\n<li>Professional services firm in Hauppauge, NY with <strong>over 100 employees<\/strong> and more than 10 years in biz seeking <strong>general liability, commercial auto and work comp<\/strong><\/li>\n<li>Consumer in Boulder, CO seeking <strong>auto, home &amp; umbrella<\/strong> coverages with an estimated premium <strong>greater than $10,000<\/strong><\/li>\n<li>Furniture store in Morganton, NC with<strong> over 100 employees and more than 10 years<\/strong> in biz seeking general liability, commercial auto, and property coverages<\/li>\n<\/ul>\n<h2>Top Claim-it opportunities by line of business<\/h2>\n<p>Over the past 12 months, we&#8217;ve seen requests for insurance from every line of business there is. However, the top lines of business we see requested are also among the lines that agents love to write!<\/p>\n<p><strong>Top-requested Commercial Lines policies<\/strong><\/p>\n<ol style=\"padding-top: 5px;\">\n<li>General Liability<\/li>\n<li>Business Vehicle<\/li>\n<li>Business Owners \/ Package<\/li>\n<li>Workers Compensation<\/li>\n<\/ol>\n<p><strong>Top-requested Personal Lines policies<\/strong><\/p>\n<ol style=\"padding-top: 5px;\">\n<li>Home<\/li>\n<li>Automobile<\/li>\n<li>Automobile &amp; Home Bundle<\/li>\n<\/ol>\n<h2>Claim-it Referral claim rates<\/h2>\n<p>As soon as a referral becomes available, we notify local Claim-it agents who have an appetite for that business. On average, this is around <strong>20 matching agents<\/strong> per referral. And it takes an average of <strong>seven minutes<\/strong> for a referral to be claimed. It may sound like the Claim-it marketplace is quite competitive, however, we have way more referrals than agents to claim them. This presents a tremendous opportunity for you if you&#8217;re a producer looking to build your book.<\/p>\n<p>To further illustrate this point, take a look at a few examples of highly desirable Claim-it Referrals that went UNCLAIMED.<\/p>\n<ul>\n<li>Consumer in Fernandina Beach, FL seeking coverage for both their <strong>home and autos<\/strong> with an estimated <strong>premium greater than $10,000<\/strong><\/li>\n<li>Consumer in New Orleans, LA seeking <strong>home, auto &amp; umbrella<\/strong> coverages with an estimated <strong>premium over $10,000<\/strong><\/li>\n<li>A call center in Miami, FL with <strong>more than 100 employees<\/strong> seeking General Liability, Professional Liability &amp; Umbrella coverage<\/li>\n<li>Staffing agency in Laurel, MD with <strong>51-100 employees and more than 10 years in business<\/strong> seeking General Liability, Professional Liability and Workers Comp coverages<\/li>\n<li>Manufacturer in Kalamazoo, MI with <strong>51-100 employees and more than 10 years in business<\/strong> seeking General Liability, Workers Comp and Business Vehicle coverages<\/li>\n<\/ul>\n<h2>Recommended markets for Claim-it referrals<\/h2>\n<p>Our agents are constantly asking us for market recommendations for the referrals they receive. That&#8217;s why we created our free <a href=\"https:\/\/www.staging.trustedchoice.cloud\/advantage\/insurance-markets\/\">insurance market finder tool<\/a>. With it, you can search our appetite database by line of business, industry, or state and get a list of matching, trusted insurance carriers, MGAs, and wholesalers to contact.<\/p>\n<h2>How to get Claim-it Referrals<\/h2>\n<p>Claim-it is transforming the way agents grow their business, providing them with desirable, on-demand leads with the push of a button. You can become a Claim-it agent in two ways. One way is through an individual subscription, giving you access to Claim-it as a standalone product with our brand-new Advantage Producer subscription. Or, add Claim-it as a complement to a premium profile on TrustedChoice.com with Advantage Professional. Visit <a href=\"https:\/\/go.trustedchoice.com\/claimit\">go.trustedchoice.com\/claimit<\/a> to learn more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In case you haven&#8217;t heard, the number of available Claim-it Referrals has skyrocketed over the last 12 months. With that kind of activity, you must be wondering what types of opportunities are coming through the Claim-it pipeline. Here&#8217;s a look!<\/p>\n","protected":false},"author":3,"featured_media":251946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[6,167],"tags":[38,39,170,36],"class_list":["post-251944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-insurance-company-articles","tag-claim-it-referrals","tag-insurance-leads","tag-insurance-trends","tag-referrals"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Claim-it Opportunity Trends - Momentum Edge<\/title>\n<meta name=\"description\" content=\"Here&#039;s a look at the types of insurance referrals that have been coming through the Claim-it pipeline over the last 12 months.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.trustedchoice.com\/advantage\/blog\/claim-it-opportunity-trends\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Claim-it Opportunity Trends\" \/>\n<meta property=\"og:description\" content=\"Here&#039;s a look at the types of insurance referrals that have been coming through the Claim-it pipeline over the last 12 months.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.trustedchoice.com\/advantage\/blog\/claim-it-opportunity-trends\/\" \/>\n<meta property=\"og:site_name\" content=\"Momentum Edge\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-22T14:27:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-22T14:32:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.trustedchoice.com\/advantage\/wp-content\/uploads\/2023\/09\/claim-it-trends-blog.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"506\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jenn Haack\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jenn Haack\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.trustedchoice.com\\\/advantage\\\/blog\\\/claim-it-opportunity-trends\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.trustedchoice.com\\\/advantage\\\/blog\\\/claim-it-opportunity-trends\\\/\"},\"author\":{\"name\":\"Jenn Haack\",\"@id\":\"https:\\\/\\\/www.trustedchoice.com\\\/advantage\\\/#\\\/schema\\\/person\\\/a31b5ade89f046e1f8e083887c44e323\"},\"headline\":\"Claim-it Opportunity Trends\",\"datePublished\":\"2023-09-22T14:27:57+00:00\",\"dateModified\":\"2023-09-22T14:32:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.trustedchoice.com\\\/advantage\\\/blog\\\/claim-it-opportunity-trends\\\/\"},\"wordCount\":761,\"publisher\":{\"@id\":\"https:\\\/\\\/www.trustedchoice.com\\\/advantage\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.trustedchoice.com\\\/advantage\\\/blog\\\/claim-it-opportunity-trends\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.staging.trustedchoice.cloud\\\/advantage\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/claim-it-trends-blog.jpg\",\"keywords\":[\"claim-it referrals\",\"insurance leads\",\"insurance trends\",\"referrals\"],\"articleSection\":[\"IA Advantage Blog\",\"Insurance Company Articles\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.trustedchoice.com\\\/advantage\\\/blog\\\/claim-it-opportunity-trends\\\/\",\"url\":\"https:\\\/\\\/www.trustedchoice.com\\\/advantage\\\/blog\\\/claim-it-opportunity-trends\\\/\",\"name\":\"Claim-it Opportunity Trends - 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