National Insurance Awareness Day: We See You, Insurance Professionals, and We Celebrate You!

In the hustle and bustle of modern life, it’s all too easy to overlook the importance of certain commemorations. National Insurance Awareness Day, an annual event, is one such occasion that merits our recognition. 

Often eclipsed by more mainstream holidays (we’re partial to covering April Fool’s Day and Independence Day), National Insurance Awareness Day offers a chance to reflect on the critical role insurance plays in our daily lives. From underpinning our financial security to shielding our homes and businesses from total losses, insurance is a linchpin of contemporary society. 

On National Insurance Awareness Day, let us pause to acknowledge the invaluable efforts of insurance professionals who labor diligently to provide peace of mind and financial stability to the entire world.

It’s National Insurance Awareness Day: The world’s most underrated holiday

June 28th is National Insurance Awareness Day. While it may not be as widely celebrated as other holidays, it serves as an important reminder of the profound impact insurance has on our lives. The origins of this day remain shrouded in mystery, but its significance can’t be overstated.

Insurance is a fundamental component of financial planning, a critical tool to mitigate risk and protect against potential loss. Whether it be coverage for property, health, life, or liability, insurance provides a safety net that allows individuals and businesses to operate with confidence, knowing that they’re protected from the unexpected.

On National Insurance Awareness Day, we recognize the hard work of insurance professionals who help provide security and peace of mind to individuals, families, businesses, and governments. It’s no exaggeration to say insurance powers the workings of the world and our society would collapse without it.

On this National Insurance Awareness Day, let’s raise a glass to the insurance professionals who work behind the scenes to make sure we’re all more financially secure. And, lest you think we’re being tongue-in-cheek with this vast degree of appreciation, rest assured, we’re most sincere. We’ve even created this video to honor our Real Insurance Heroes, whose work powers the industry that powers the world. 

Insurance is everywhere

To say that insurance touches every aspect of modern life is no exaggeration. There’s no shortage of stories demonstrating insurance’s reach into world events, politics, business, and more. Just a few recent examples of when the insurance industry has found mainstream coverage include:

• The tragic collapse of Baltimore’s Francis Scott Key Bridge
• The FTX cryptocurrency exchange failure
• The US healthcare system and the role of pharmacy benefit managers in drug pricing

It’s no surprise that nearly any story from government and politics to world events can be tied back to the insurance industry: a fact that demonstrates how widespread the insurance system’s reach truly is. 

5 things to be aware of this National Insurance Awareness Day 

We’re not here to simply remind you that it’s important to have such common coverages as health insurance, life insurance, and auto insurance. For our sophisticated (and attractive!) insurance audience, here are five things you might not be aware of, but should be: 

1. There are many reasons an insurance producer can lose their license, ranging from the obvious to the obscure. Make sure you’re not inadvertently putting yourself or your business at risk. Read more here.
2. The future of insurance rests on greater risk mitigation and loss prevention efforts. As the world becomes increasingly risky, and more expensive to insure, people, businesses, and governments that put effort into prevention will come out ahead. Read more here. 
3. Insurance fraud is costlier than you might imagine! It’s also easier to commit than most people realize. Learn about 12 types of insurance fraud and what to look out for in your own practice, and as a consumer. Read more here. 
4. The insurance industry is rife with legacy technology, and it could be costing you more than you realize. If your company’s money doesn’t grow on trees, learn the cost of legacy tech and how much you could be saving – and what you could be spending that money on instead! Read more here.
5. Insurance is a minefield of regulations, with costly consequences for failing to comply. However, it doesn’t have to be so difficult to keep entire carriers, agencies, and every downstream distribution partner in check. Go through the six stages of compliance grief with us, and come out the other side. Read more here.

Become aware of how easy insurance compliance can be

This year, on National Insurance Awareness Day, we recognize and celebrate the importance of this great industry and the people who make it run. If you’re one of those people, you’re likely already well aware of how complex insurance compliance is. But do you know how easy it can be with the right technology to help? 
If not, we encourage you to check out AgentSync. See how our customers have saved money, reduced risk, and ultimately made their producer license compliance worries a thing of the past. Contact us today to learn how AgentSync can do the same for you.