What does Iiaba stand for?
What does Iiaba stand for?
The Independent Insurance Agents and Brokers of America (IIABA) is a national membership organization focused on the insurance brokerage industry.
What is the big I in insurance?
the Big “I”® or IIABA® is a national trade association that strives to provide independent insurance agents and brokers with a sustainable competitive advantage in the insurance marketplace by equipping members with tools and resources, and advocacy and support, to maintain excellence in business and customer service.
How do I find an independent life insurance agent?
Contact an Agent Association. These associations will assist you in finding a local agent: American Agents Alliance (866) 497-9222. California Association of Health Underwriters (800) 322-5934. Independent Insurance Agents & Brokers of California (800) 772-8998.
What do Independent Insurance Agents do?
An independent agent is an insurance agent that sells insurance policies provided by several different insurance carriers, rather than just a single insurance company. The independent agent acts as a middleman to connect insurance buyers and sellers in order to facilitate a transaction.
What is a captive agent?
A captive agent is an insurance agent that works for only one insurance company. Captive agents only sell the products of the insurance company they work for and cannot help individuals outside of that offering. The opposite of a captive agent is an independent agent that works for many insurance companies.
Are Independent Insurance Agents good?
An independent agent can do important things for you: Agents have at their disposal the ability to quickly check prices and coverages with dozens – if not hundreds – of different insurance companies. Since rates vary widely an independent agent can very likely get you a better deal than you can get for yourself.
What does the average life insurance agent make?
Insurance agents and brokers
| Wages* | Low (5th percentile) | Average |
|---|---|---|
| Starting | $16.83 | $25.82 |
| Overall | $19.38 | $35.55 |
| Top | $23.74 | $50.13 |
What is the salary for an insurance agent?
Insurance Agent Salaries
| Job Title | Salary |
|---|---|
| Equity Trustees Insurance Agent salaries – 1 salaries reported | $100,000/yr |
| Aviva Insurance Agent salaries – 1 salaries reported | $66,341/yr |
| Lakeside Financial Insurance Agent salaries – 1 salaries reported | $80,000/yr |
| LifeBrokers Insurance Agent salaries – 1 salaries reported | $60,000/yr |
Why you need an independent insurance agent?
They give you a choice – Independent agents represent many different insurance companies that offer a wide variety of coverage options and price points. With their connections and their knowledge of the market, agents can often find a better value for your insurance dollar than you might find searching on your own.
Is it better to be a captive or independent insurance agent?
While independent insurance agents have a theoretically higher earnings ceiling than captive agents, the stability provided by working directly for an insurance company means that a captive insurance agent’s income is likely to be more stable and consistent.
What is the difference between captive agents and independent agents?
Understanding a Captive Agent Insurance agents can choose to be either captive agents or independent agents. Captive agents work for only one insurance company whereas an independent agent does not work for any particular insurance company but rather can sell policies from an array of companies.
How much do entry level insurance agents make?
Entry Level Insurance Agent Salary
| Percentile | Salary | Location |
|---|---|---|
| 25th Percentile Entry Level Insurance Agent Salary | $33,464 | US |
| 50th Percentile Entry Level Insurance Agent Salary | $36,641 | US |
| 75th Percentile Entry Level Insurance Agent Salary | $41,333 | US |
| 90th Percentile Entry Level Insurance Agent Salary | $45,604 | US |
How to become a member of The IIABA?
To find out about becoming a member of IIABA, click on your state below to find the association where your agency is located. Agencies join the Big “I” at the state level. Click on a state from the map below to visit the state association Website.
What can I do with the iiabaz Institute?
This institute combines classroom presentations and group discussions to provide you the opportunity to deal with real issues and problems. It includes: Strategic Planning, Agency Talent Management, Managing Agency Client Retention and Acquisition, Managing Agency Technology Utilization and Ethical Responsibility.
What kind of insurance can I get with iiabaz?
IIABAZ Members get access to Big I Markets, Eagle Agency, Cyber Liability, Personal Umbrella, Home Business, Flood, Mexico Insurance, Life Insurance and more with no obligations and retain the ownership of the expirations.
How many pages are there on The IIABA website?
Your staff will gain access to the Virtual University , 17,000 in-depth pages on commercial lines, personal lines, certificates of insurance, life-health, forms and more.Can’t find the answer you are looking for? A quick online form will connect you with an expert and an answer.