The new business tool
dashboard3.
The what & the how…
the ultimate door opener.
Regardless of the size of the organisation, new business generation is a vital but demanding challenge. Designed to increase the success rate of new business opportunities, Dashboard3 is a multi-faceted insurance management tool initially supporting the small to medium size Sports Management sector. A be-spoked and creatively designed insurance administration application, DB3 acts as a prime conduit into this lucrative sector creating a powerful platform for the management of existing and ongoing personal and commercial insurance risks.
The door is open…
business insurance
Whilst DB3 is designed to remove the administrative burdens associated with the markets multiple commercial insurance requirements, its vital additional capability is to serve as a central point of reference for the assessment of both policy renewals and new business generation.
Indicative Examples
Multiple opportunities
personal
covers
The potential to engage beyond commercial insurances into the needs of agency clients creates the potential for exponential income streams associated with clients personal and family-led insurances.
Other than supporting the management of existing covers, DashBoard3 is the perfect platform from which to develop a close understanding of clients needs that more conventional brokers are likely less conversant with. The ideal new business platform…
Indicative Examples
Multiple revenue streams
broker income.
Multiple clients generate a myriad of insurance requirements at both a personal and commercial level. However positive this can be for the client this level and range of insurance requirements can become a complex burden, particularly when factoring in the sometimes demanding, high profile nature of their talent roster. To enable a more complete client offering, DB3’s flexibility removes any such burden and in turn, creates numerous sales opportunities and as a centralised tool, potentially unusually high yields on time invested.
1 - Management Fee
The initial DB3 Licensee revenue opportunity is fee income derived from the data input of all of the existing Sports Agency insurance contracts. This can then be complemented by the additional built-in ‘Client Service’ advisory tool which allows clients a continued Broker advisory service via the DB3 platform.
2 -Policy Renewals
As an extension of the above, the next level of Broker engagement involves an assessment of all existing commercial and personal insurances. Performed as a free service, this allows direct access to a potentially vast number of diverse insurances which can be thoroughly analysed and potentially reconfigured at the time of policy renewal. An organic and highly effective long-term Broker business development too
3 - New Products
In conjunction with the Policy renewal approach, the potential for new business opportunities can be facilitated on two fronts: firstly by the introduction of Broker’s own initiatives and additionally, the creative support via River’s own highly effective product development services.
“Narrow areas of expertise can be productive. Develop your own profile - your own niche.”
Leigh SteinbergThe power of niche…
marketing & distribution.
The global earning potential of professional sportsmen and woman is at an all-time high with multi-million-pound contracts commonplace within many teams and individually based sports. Similarly, the advent of agents and sports management companies has escalated in direct proportion to market demand with many organisations big and small, generating huge income streams and retained earnings. Clients and service providers alike have multiple insurance requirements - DB3 is the ideal catalyst to access this lucrative market.
Niche Contacts
The global sports management market is a well-defined sector allowing service providers clear insight into organisational structures and all-important client rosters. As with the insurance requirements, the language of sport is market-specific and can be leveraged to create a strong impact that can convert into meaningful and profitable long-term relationships.
Client Service
Understanding the language and commercial culture of sport is as significant to DB3 as any other niche environment. Supported by River’s commitment to guide and support each Licensee, the DB3 client service tool can create an all-important edge of influence over existing insurance providers.
Brand & Website
When not white labelled, DB3 will be promoted via a strongly branded website, the design of which will enable each Licensee client to benefit from an independently configured web profile thus creating a specific environment for each client. Driven by a simple but impactful website platform, DB3’s CMS capability will allow each client to easily update client data without the need for external administrative support.
The power of niche…
international development.
The global earning potential of professional sportsmen and women is at an all-time high with multi-million-pound contracts commonplace in both team and individually based sports. Similarly, the advent of agents and sports management companies has escalated in proportion to market opportunity with all such organisations, regardless of location, requiring multiple insurances which allow the potential for significant DB3 growth within both additional territories and alternative sectors such as Football Clubs, and the entertainment management sector.
Project details
contact us
info@river-agency.com
(+44) 203 239 5183