Tag: buyers

Majority of Small Business Insurance Buyers Would Switch Agencies for Better Online Quoting and Service, Semsee’s Small Business Snapshot Says

NEW YORK, Oct. 6, 2020 /PRNewswire/ —  Small business owners are looking for a streamlined digital experience when it comes to buying insurance, and they’re willing to take a stand to get it. A majority—59%—of businesses surveyed said they’d consider switching agencies if another could provide faster quotes for new policies, according to a new survey from Semsee, the leading automated small commercial quoting solution.  Similarly, 55% said they’d move their business if another agency had more digital service capabilities, such as online policy changes, billing and claims, reveals Semsee’s Small Business Snapshot, a survey series designed to measure small business owner preferences in insurance. Just one-quarter of respondents said they would not move their business no matter the digital capabilities of the agency.

Business owners also put a high priority on their agents’ ability to provide options for coverage and an open and transparent buying process. More than

Read More

When Talented Employees Are The Perfect Buyers

At the onset of 2020, Pacific Fine Foods was set to have their best year on record. They’d already completed a 6-week stint catering for The Matrix film crew, plus a 1,200-person event in San Francisco’s Fort Mason. Two weeks later, the entire state of California went into lockdown and the survival of Kelly Kearney’s business was in question. Yet, with her strong business acumen, she was up for the challenge.

Prior to becoming a small business owner, Kearney was a very successful Sr. Sales Executive.  However, after 17 years in corporate America, she grew tired of the commute; her employer, a major telecom company, was struggling, and she was ready to take her future into her own hands. Pacific Fine Foods, a catering company in Alameda,

Read More

Central banks have been big buyers of gold for over 10 years. Here is why they do it.

Reuters

  • A number of central banks have loaded up on gold in the last year, according to data from World Gold Council.
  • Central banks own gold as part of their portfolios, which include foreign exchange reserves. 
  • Gold hit record highs above $2,000 an ounce this month, before seeing its biggest daily drop in 7 years earlier this week. 
  • UBS Asset Management’s Max Castelli expects central banks to continue buying gold even once COVID-19 is over, given their long-term investment horizon. 
  • “We expect this trend to continue – particularly if gold prices remain elevated once the current crisis is over,” he said. 
  • Visit Business Insider’s homepage for more stories.

Gold is one of the best performing asset classes in 2020. Its status as a safe-haven in times of economic crisis, together with its tendency to profit from a weaker US dollar, has driven investors into the market in droves. 

In fact,

Read More