
The ability to adapt quickly to change is not only a virtue in life, but also a tenet of any good business. As agents know oh-so-well, the insurance industry is changing rapidly and so are the needs of independent agents. The IIAW recognized many of these trends early on and strategically invested in Independent Market Solutions (IMS).
IMS provides markets to agencies with the goal of perpetuating the independent agency system, especially for small and rural agencies that can sometimes struggle to keep markets. It also works to solve problems when markets are distressed or the need for new specialty or niche markets arises.
Because IMS takes a broad approach to market access, it means any member agency, whether a start-up or a mid-to-large sized, can take advantage of the greater efficiencies through scale, enhanced insurance company-agency relationships, and competitive terms the program offers. Thanks to the partnership among several state associations through IMS, the program creates greater volume, leverage, and, ultimately, better terms for IMS sub-producers.
As the industry evolves, the menu of product offerings at IMS continues to expand to provide a robust market access alternative for our members—with no strings attached. To get started with IMS, click here.