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Transforming Insurance Brokerage Software with Salesforce

By 01.17.25
Reading time: 2 minutes

The insurance brokerage industry has always been dynamic, adapting to new market demands, client expectations, and technological innovations. But with legacy systems holding many brokerages back, the need for a transformation is more pressing than ever. Enter Salesforce’s Financial Services Cloud (FSC) for Insurance Brokerages, a game-changing platform designed to streamline operations, enhance client experiences, and drive growth. 

I recently sat down with Salesforce Product Owners and Engineers as an exclusive partner to learn about this new insurance brokerage software and how it can replace an agency management system to consolidate all business processes into one platform to improve customer experience. Let’s dive into how this new solution is set to revolutionize the insurance landscape.

What’s the problem?

Legacy agency management systems (AMS) have long been the backbone of insurance brokerages. However, they’re now showing their age:

  • Rigid and inflexible: Only 10% of brokerages believe their systems meet their unique needs
  • Data silos galore: Over 50% of agency data remains isolated, limiting insights and responsiveness
  • Lagging innovation: Agencies without AI-driven workflows experience a 30% productivity gap

In an industry where efficiency, agility, and personalization are paramount, these systems fall short.

A solution built for modern brokerages

Salesforce’s FSC for Insurance Brokerage is a single-platform solution that integrates front, middle, and back-office personas for a unified technology stack that enables efficient collaboration. It addresses the limitations of legacy systems and introduces a range of capabilities, including:

  1. Connected data: Break down silos, enabling better collaboration between producers and account managers
  2. AI-driven insights: Automate workflows and deliver real-time analytics to optimize decision-making
  3. Customizable tools: Configure apps by line of business (e.g., Employee Benefits, Property & Casualty) for tailored solutions.

Key features to watch

The FSC platform isn’t just an upgrade; it’s a reimagining of how brokerages operate. Some highlights include:

  • Policy servicing: Manage policy lifecycles — from new policies to renewals and claims — on a user-friendly platform
  • Commissions and revenue management: Handle producer splits, commission statements, and expected revenue seamlessly
  • Client engagement: Strengthen relationships with ongoing interactions, supported by structured note-taking, dashboards, and action plans
  • AI-powered productivity: Automate repetitive tasks, freeing up teams to focus on strategy and client growth

A roadmap for success

Salesforce is rolling out its FSC for Insurance Brokerages in phases. While foundational features are available now, more advanced capabilities, such as extended partner integrations and deeper analytics, will arrive in Spring 2025. Notable upcoming features include enhanced policy lifecycle management, configurable tools for commissions processing, and improved data integration for Employee Benefits and Property & Casualty lines.

The platform is designed with everyone in mind, from front-office producers driving sales to back-office teams managing operations. Producers gain visibility into client interactions, account managers streamline servicing, and operations teams ensure compliance and data integrity. The result? A cohesive, efficient, and client-centric brokerage.

Getting ahead with Salesforce technology

Insurance brokerages are at a crossroads. Staying competitive requires more than just offering policies — it’s about delivering unparalleled client experiences, leveraging data for insights, and staying agile in a fast-paced market. Salesforce’s FSC for Insurance Brokerages offers the tools to not just keep up but to lead.

Find out how our experts can help your organization integrate insurance brokerage software that meets your unique needs.

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