Sales

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October 13, 2023 5 min read Definitions
Prospect in General Insurance Terms: Understanding Potential Insured
Insurance Business Sales Insurance Prospect Customer Acquisition Sales Lead Generation
Learn about the term 'Prospect' in general insurance, which refers to a potential insured. Explore its importance and usage in the insurance industry.
Read more about Prospect in General Insurance Terms: Understanding Potential Insured.
October 10, 2023 4 min read Definitions
Exclusive Agency System - Understanding the Sales Model in Insurance
Business Insurance Sales Insurance Exclusive Agency Sales System Agents
Learn about the exclusive agency system in insurance, where agents only represent one company or give them the right of first refusal. Understand its benefits and drawbacks.
Read more about Exclusive Agency System - Understanding the Sales Model in Insurance.
October 6, 2023 5 min read Definitions
Renewal Commission in General Insurance: Understanding Recurring Income
Insurance Business Sales General Insurance Renewal Commission Insurance Agents Commissions Earnings
Learn about renewal commission in general insurance terms, which refers to the ongoing commissions paid after the first year’s commission. Understand how this impacts insurance agents and brokers.
Read more about Renewal Commission in General Insurance: Understanding Recurring Income.

Insurance Terms Lexicon

Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.

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