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Wisconsin's Connection to IMS

Posted By IIAW Staff, Thursday, June 30, 2022

Independent Market Solutions (IMS) was established in 2007 with the goal of creating greater market access for member agents. Wisconsin made the investment to be a part of IMS and we have grown market availability in Wisconsin to include nine participating carriers that offer personal, commercial and various specialty lines. 

The purpose of IMS is to provide member agents access to quality insurance markets and alternatives that may be otherwise unavailable. IMS creates marketplace leverage through its negotiated contracts, which can be particularly helpful for smaller or rural agents. 

IIAW membership allows your agency to sign up for the program and gain carrier appointments as an IMS sub-producer at no additional cost. Agencies are paid competitive commissions, enjoy 100% ownership of expirations and can participate in earned contingencies. Additionally, several IMS markets feature the opportunity to "graduate" to a direct appointment once certain production goals are met - again, at no additional cost to your agency. 

Ultimately, our mission is to add to the success and prosperity of independent agencies by providing viable market access through IMS. Wisconsin is a proud owner of IMS, along with our association colleagues in other states. To learn more about the carriers IMS could help connect you with, click here

Tags:  IMS  Independent Market Solutions  insuring Wisconsin  market access program  wisconsin independent insurance association  wisconsin insurance agency help  wisconsin insurance blog 

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The Value of IMS to Any Size Agency

Posted By IIAW Staff, Tuesday, May 24, 2022

Whether your agency is big or small, the more markets you have access to, the better chance you have to write more business. Wisconsin has made market access an integral part of your membership through our investment in the Independent Market Solutions (IMS) program, a market access solution for any size agency.

For new or smaller agencies with few or no direct appointments, IMS can help you gain new carrier appointments as IMS subproducers. As an IMS subproducer, you’ll start building relationships directly with carriers, earn standard commissions, and, once minimum premium thresholds and performance standards are met, gain the opportunity to “graduate” to a direct appointment. Agents can also participate in any earned contingencies as an IMS subproducer.  

If you manage a mid- to large-sized agency, there are likely times when you’re presented with niche pieces of business. You’ve worked hard to earn your clients’ business, so why turn away a request on a risk that your agency doesn’t currently write? Our IMS program can help satisfy your clients’ needs without taking on additional minimums or referring them elsewhere due to the lack of available markets.

No matter the size of your agency, the IMS menu is constantly evolving to include new carriers intended to expand your strike zone. Click here to see which carrier partners might be the right fit for your agency.

Tags:  IMS  Independent Market Solutions  insuring Wisconsin  market access  market access program  wisconsin independent agent  wisconsin independent insurance association 

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Your Path to Direct Appointment

Posted By IIAW Staff, Tuesday, April 19, 2022

Relationship building is vital to the success of any insurance agency. As agents, you build relationships with clients, and, equally important, you build relationships with carriers. When starting or operating your agency, obtaining access to carriers and building those key relationships can be challenging.

The good news is your association can help through Independent Market Solutions (IMS). This program is designed exclusively for Wisconsin agents to assist with market access and establish a clear pathway to direct appointments with many carriers.

The IMS program affords agencies of all sizes the opportunity to add carrier appointments as IMS subproducers. That means your agency can have a direct working relationship with insurance companies, improving efficiency and allowing you to grow your relationships with company staff. And, as you write more policies as a subagent, certain insurance markets feature the opportunity to “graduate” to a direct appointment once the carrier’s minimum premium threshold and performance standards are met—all at no additional cost to you.

Your association is a proud investor in IMS, a program that favors independent agents by providing 100 percent ownership of expirations, competitive commissions, and a path to direct appointments. IMS helps your agency earn more revenue and build a sustainable business.

Click here to learn how to connect with our carrier partners.  

Tags:  IMS  Independent Market Solutions  insuring Wisconsin  market access program  wisconsin independent insurance association  wisconsin insurance agency help  wisconsin insurance blog 

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Earn More with IMS

Posted By Kaylyn Staudt, Wednesday, March 23, 2022

The Independent Market Solutions (IMS) program is more than just a market access solution. For member agencies, it also works like an incubation program where you can gain appointments with various insurance carriers and quickly begin writing business. Many IMS markets require low to no volume commitments, offer competitive commissions, and a pathway to direct appointments. IMS agents also own 100 percent of expirations and can participate in any earned program contingencies.

Because IMS offers a mix of standard and niche markets, you don’t have to turn away a client’s request on a risk that your agency doesn’t currently write. Instead, many IMS markets offer great on-line training resources that make it simple and allow you to write the policy when your client needs it. The IMS menu is constantly changing to include new carriers intended to expand your strike zone.  

Finally, IMS seeks to perpetuate independent agents rather than consolidate them. Every IMS agent owns their book of business and can qualify to roll that business toward a direct appointment once a pre-determined premium volume is reached. There are no other fees or strings attached. This is what we mean by “incubation”, and it has its privileges!

To sign up and start earning more with IMS, click here.

 

Tags:  IMS  Independent Market Solutions  insuring Wisconsin  market access  wisconsin insurance agency help  wisconsin insurance blog 

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Become an IMS Sub-Producer

Posted By IIAW Staff, Wednesday, February 23, 2022
Updated: Friday, April 1, 2022

The Independent Insurance Agents of Wisconsin helps agencies gain access to useful insurance markets through its investment in Independent Market Solutions (IMS). This members-only program allows agents to quickly connect with carriers and find insurance products suitable for their clients’ needs.

IMS offers very competitive terms, and there is no cost to join. To start taking advantage of this exclusive member resource, you must complete IIAW's market access application. Before you begin the application, please make sure you have quick access to the following, which you’ll need to complete the process:

·       Agency and individual agent license numbers

·       Agency Federal Employee ID Number (FEIN)

·       Agency E&O policy information

·       Policy count information

·       Premium volume information

·       Agency and individual agent license numbers. Copies of the licenses will be required to upload. Please include a copy of all individual agent licenses (in one uploaded file) who would like access to the carrier’s quoting system.

A sub-producer agreement will also be required as part of the IMS sign-up process. After uploading the application, a link to the sub-producer agreement document will appear in your application confirmation email. Once you complete both steps, you will receive a copy of the application and sub-producer agreement.

Applications must be submitted separately for agencies that have branches with separate FEINs. To learn more about IMS and how to sign-up in your state, click here.

Tags:  IMS  insuring Wisconsin  market access  wisconsin independent insurance association  wisconsin insurance agency help  wisconsin insurance blog 

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