A total of $331,000 is paid to all Big “I” states for markets accessed by members.
Last week, the National Big “I” sent revenue-sharing payments to all 51 state associations, based on first-quarter fiscal year 2013 production of national for-profit non-E&O programs.
These payments provide an additional revenue stream to state associations from their members’ use of programs through Big I Advantage®. This includes Big “I” Markets, Big “I” Flood, Big “I” Retirement, Big “I” Employee Benefits, Eagle Agency and RLI, as well as non-insurance products such as Caliper, Career Center and Virtual Risk Consultant.
A total of $331,000 was paid to all 51 associations. This represents an 11.6% increase over the total for the first quarter of fiscal year 2012. The program has come a long way since 2006, when first-quarter payments totaled $123,000.
Big “I” Markets is revolutionizing the way independent insurance agents do business. We are taking technology to a higher level by bringing you together with select insurance company partners and their products. Big “I” Markets is an online market access system available exclusively to Big “I” members featuring no fees, no volume commitments and competitive commissions, and when you use Big “I” Markets, you are supporting your state association IIAG!
Benefits of Big “I” Markets:
- Ownership of expirations
- No initial access or termination fees
- No obligation to submit other accounts
- EFT commission payments
- Only one login needed to access all programs
- Weekly e-newsletter featuring product knowledge and special interest pieces
- Doing business with Big “I” Markets supports your state association
A suite of top tier products including affluent homeowners, bonds, commercial packages, habitational, non-standard homeowners is accessible to any agency with a login and profile for quoting in Big “I” Markets.
To review a list of products available see below. More in-depth information on each product can be found in our Product Guide or after logging in to http://www.bigimarkets.com.
It is easier than ever to plug into the power of Big “I” Markets.
Register online today and discover a fresh new way to do business. All products are only accessible on-line and coverage is subject to licensing compliance and underwriting approval. To register online you will need your login ID and password, your agency tax ID number, your agency E&O policy, and your state agency/agent license information.
Andrew McElhannon is the Member Services Coordinator for the Independent Insurance Agents of Georgia www.iiag.org, and can be contacted at: firstname.lastname@example.org or b y phone at 770-458-0093, x.110, or 800-878-6487.