Happy Wednesday! In this week's Big I Buzz we are discussing your last call to register for the event of the summer, new requirements for TPMO when selling Medicare Advantage and/or Part D Plans and findings from the Big "I" 2022 Market Share Report! 

Last Chance to Register 

Don't miss out on this year's Sales & Leadership Summit happening in Neenah, WI on August 23-24. MarshBerry instructors will deliver an action-packed 1.5-day workshop filled with topics focused on building your strong sales culture. To know where your agency stands, you need to benchmark your sales culture in four key areas: sales leadership, performance management, people development and technology. PLUS your registration includes access to the 1.5-day workshop, meals and ticket to a Timber Rattlers baseball game on August 23rd! Registration closes tomorrow at 5 p.m. Save your spot before registration closes now: https://bit.ly/SalesLeadershipSummit.

New Requirements for TPMO When Selling Medicare Advantage and/or Part D Plans

Recently, the Centers for Medicare & Medicaid Services (CMS) issued a final rule that will affect all agents & brokers who sell Medicare Advantage and Part D plans. The IIAW has put together an informative brochure created by your team at the IIAW to help you navigate these mandatory requirements. The agency will need to update disclaimers (written and verbal) and will also be required to record specified phone conversations as part of this change. All requirements must be implemented by October 1st, 2022. View the brochure outlining the necessary steps to become compliant with the new requirements here. 

Independent Agents Place Majority of U.S. P&C Insurance: Big I

Big "I" has released their 2022 Market Share Report, and the findings show that the independent agency channel places 63% of all property-casualty insurance written in the U.S. According to Insurance Journal, "Based on 2021 data, this year's report points to independent agencies' dominance in commercial lines, finding that nearly 88%% of all commercial lines written premium is placed by the independent agency channel. The Big "I"'s 2022 Market Share Report summary emphasizes direct premiums, direct losses and the associated direct underwriting results before reinsurance. Read the article from Insurance Journal here. IIAW members have access to the 2022 Market Share Report. If you need assistance with your login information to access the report on the independentagent.com, please feel free to reach out to info@iiaw.com and we would be happy to assist you with getting access! 

For more news, check out the Action News section of our weekly e-newsletter, Big I Buzz. If you aren’t subscribed, click here to add your email to our emailing list. Additionally, we send out monthly newsletters with content curated just for you and your role. Make sure you're on the list to receive our communications by heading to bit.ly/industrynewsforyou to stay in the loop!