If you're running an insurance company, you don't need some website to tell you how difficult how it can be. However, are you aware that there are many books about insurance out there to help you run your business?
Learning about insurance and reading insurance books is key to thriving in insurance. This article will walk you through some of the best new insurance books to help your business thrive.
Keep reading to find out more.
1. Think and Grow Rich by Napoleon Hill
To kick off this list, we're starting with a book that isn't specifically about insurance. Think And Grow Rich by Napoleon Hill is instead a business classic, regularly ranked up there with popular titles such as The Seven Habits of Highly Successful People and How To Win Friends and Influence People.
In fact, some people don't even consider this a business book, but a key book for the world of self-improvement.
The book came about after successful Scottish-American businessman Andrew Carnegie commissioned Napoleon to interview the most successful people in the world and find out their strategies for success.
People love this book and it seems like every time a successful person mentions it again, it cracks the bestseller list. Order yourself a copy and see what it's all about.
2. Q & A on Life Insurance: The Life Insurance Toolbook by Anthony Steuer
Our first book that's specifically about life insurance on this list is none other than The Life Insurance Toolbook by Anthony Steuer. This book is a back to basics textbook on the things you need to master in order to succeed. This book's a must-have for beginners, but if you think you can skip this one just because you're experienced in insurance, you're dead wrong.
This book was written for consumers, and that's why you need to read it. It will give you a mind-map of what your prospects are thinking as you try to sell to them. A building needs to have a strong foundation, or else it's going to fall; you need to make sure you've mastered all of your basic tools before you can grow.
3. The Insurance Management Playbook – A Leader’s Guide by Maroun Maroud
From toolbook to playbook, this article has you covered on every type of book you need in your arsenal.
This hilarious personal memoir/instruction kit brings together years of experience accrued by the author, Maroun Maroud, in his insurance adventures. He lets you know all about the places he's sold insurance over the world. However, don't think this book is all about showboating, its formal structure will surely help your sales shine.
He breaks the book down into claims, sales, distribution, and underwriting, and lets you know how to handle all of these aspects of the business.
4. The End of Insurance As We Know It: How Millennials, Insurtech, and Venture Capital Will Disrupt the Ecosystem by Rob Galbraith
If you're going to do business in the contemporary world, you have to know the contemporary world. The world is rapidly changing, and this book will be your crystal ball to help you read the future.
This book is new, best-selling, forward-looking, and unique. Customers have noted how accurately he dresses down the problems of most contemporary insurance agencies, and what they can do to improve. If you haven't thought about this yet, it's time to start; many people don't buy cars anymore, so they won't need car insurance.
While other insurance books and business books can give you general insights Galbraith takes into account contemporary technologies such as AI, blockchain machine learning, automation, smart homes and the gig economy.
5. Insuring Tomorrow: Engaging Millennials in the Insurance Industry by Tony Canas and Carly Burnham
Yet another book that focuses on looking forward to succeeding in business. The authors of this book give a two-pronged attack into how the world of insurance has changed in the last ten years, with the recession slowly slipping away.
If you want to solve the problem of engaging younger folks and getting them to buy insurance, look no further than this book.
6. Talking to Strangers: The Adventures of A Life Insurance Salesman by Peter Rosengard
If you're read those last two heavy books on dealing with insurance in the contemporary world, you might want to take a breather. Thankfully, this book by Peter Rosengard is a lighter read, focusing on the personal anecdotes of an insurance salesman.
With the humour of a novelist and the adventurous spirit of a travel journalist, Rosengard effectively writes Don Quixote of insurance books: a picaresque adventure tale.
7. On the Brink – How A Crisis Transformed Lloyd’s of London by Andrew Duguid
Here's another exciting one; except this one focuses more on the epic story of an insurance company struggling to survive. We don't want to give away any spoilers, but this book is about the triumph of the human spirit, and how the insiders at Lloyds beat the odds.
A must-read.
8. The Breakthrough Insurance Agency: How to Multiply Your Income, Time and Fun
Who doesn't want to multiply their fun? This book specifically focuses on the business concept of a breakthrough. If you're at that crucial phase of a business when you just need a little push to get you through, let this book give you that push.
9. How I Built A $37 Million Insurance Agency In Less Than 7 Years by Darren Sugiyama
Frank, direct, and clear. Sugiyama's book gives a frank account of how he succeeded in the insurance business. While his tactics may not work for everybody, the ones who will benefit from his style will benefit greatly and see their profits soar.
10. The Psychology of Selling by Brian Tracy
We're closing out this blog with yet another book that focuses more on general business. If you're in the insurance industry, at the end of the day, you have to learn how to sell. Master the art of selling, and you're ready to shine.
Read Insurance Books to Thrive
In the world of insurance, knowledge is power. Once you've read these ten great insurance books, you're sure to become one of the top dogs in the insurance industry.
But while you're learning to become a great insurance business yourself, make sure your insurance is covered well by someone else. Research the best options at Insurdinary, and get a quote with us today.
