September 21, 2020

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PHP Agency Inc. Invests in Tech Future With Bamboo

3 min read

Press Release



up to date: Sep 15, 2020 ten:15 CDT


During the PHP Agency, Inc. annual nationwide convention, PHP Eyesight 2020, held pretty much on Aug. 27, 2020, with an audience of additional than 13,000 agents, PHP introduced the forthcoming launch of its new extensive company management platform. The new platform, called Bamboo, will boost the interaction involving household place of work and the field, supplying a common interface to handle the various company things to do necessary to run an insurance policy organization.

David Hays, Chief Info Officer of PHP, states Bamboo is slated to launch on Oct. 12, 2020, and offers numerous features, this kind of as letting agents to submit new organization, keep track of and keep track of commissions, handle licensing, appointments, and their e-book of organization. The technique also offers historic production figures and trends, access to a true-time leaderboard and contests, and has as an inside messaging application to supply non-public interaction with other agents and household place of work.

“Bamboo is a important investment decision in PHP’s long term. We’ve seasoned great calendar year-over-calendar year expansion for the final numerous yrs, and YTD gross sales and recruiting figures are up approx. 50% over final calendar year,” Hays said. “PHP is primed for higher achievements, and we now have technological innovation that can develop and scale in lockstep with our organization.”

The technique was named after the bamboo plant since of its capacity to develop at exponential speeds in a small period of time of time, a home that exemplifies the probable of the new platform. “We really feel this technological innovation is going to be the bamboo of PHP, supporting us attain our target of 500,000 agents by 2029,” said Patrick Bet-David, CEO and Founder of PHP Agency. “The speed, performance, and delivery provided by Bamboo usually means that any Monetary Marketing Firm with access to this application would be equipped to double their expansion fee.”

At launch, Bamboo will be geared up with all very important features that will make it an instrumental resource for PHP and its agents, but there will be a lot of possibilities to automate and boost features and procedures in the long term. 

“Our target is to make carrying out organization with household place of work as basic and quick as possible, so our agents can aim on expanding their organization,” Hays said. “For household place of work, the emphasis on automation will significantly boost our quality and performance.”

Bamboo arrived to fruition after Jennifer Bet-David, PHP’s Govt Vice President of Functions, introduced her eyesight for a proprietary management technique to Ian Benedict, Chief Monetary Officer of PHP. Immediately after reworking her eyesight into a application initiative, Benedict worked with a focused team to make a technique that equips PHP agents with details and tools to far better handle their businesses. During a new demo, reactions from agents who had an option to use the application were resoundingly constructive.

“When demonstrating the dashboard interface with the capacity to slice and dice production figures and review their output with friends, the agents attending in fact cheered,” Benedict said. “They’re hungry for this type of transparency, and I believe it will give them the tools they need to have to press PHP to the up coming degree.”

About PHP Agency Inc.

PHP Agency Inc. is a nationwide economic solutions corporation launched in 2009 by Patrick Bet-David. PHP associates with some of the world’s major insurance policy and annuity carriers and offers a component-time or entire-time option to all those wishing to go after occupations as daily life insurance policy agents. To day, PHP has over sixteen,000 certified agents and has served additional than two hundred,000 families. PHP Agency is privately held and headquartered in Addison, TX.

Speak to: Tigran Bekian (Director of Marketing)  [email protected]

Supply: PHP Agency, Inc.

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