2024 Indiana Annual P&C Marketplace Summary
Big I Indiana members get exclusive access to Indiana P&C industry data from an independent agent's perspective. The Summary provides the following information on the Indiana P&C marketplace:
- Premiums for all 32 P&C lines of business in Indiana
- The top 10 lines of business for independent agents
- Premium growth rates
- Loss ratios
- Distribution style penetration rates and trends
- Commission rates
- Surplus lines utilization rates
- Lists of the largest insurers for each of the top lines of business
- Largest/highest and smallest/lowest state specific data.
View the 2024 Indiana Annual P&C Marketplace Summary. Members must login to access. For access issues, email Megan Vaught at [email protected].
ACORD Forms
The Big "I" has negotiated an agreement with ACORD, wherein Big "I" will cover the cost of the End User License for eligible agencies accessing ACORD Forms via a management system or redistributor, or provide an EUL discount when accessing directly through ACORD Advantage Plus Program. Big "I" members with annual P&C gross revenue of less than $50 million will receive a complimentary license to use ACORD Forms. Find out more and access ACORD forms.
Agency Consulting Agreements
The basic premise behind consulting agreements is found in the Indiana insurance code on licensing producers. The statute is Indiana Code 27-1-15.6-23. Section 23 says that a person cannot act as an insurance consultant unless they have a license to do so. Good news for most Big I members: insurance producers who are licensed as producers do not have to have a consultant’s license. In fact, you can’t hold both a producer’s license and a consultant’s license at the same time. Find out more about consulting agreements and get access to consulting forms.
Agents Council for Technology (ACT)
Big I member agencies are automatically ACT members too! The Agents Council for Technology is here to help you make smart technology decisions to grow your agency. Visit ACT's website for resources on cybersecurity, better customer experience, choosing the right tech for YOUR agency's strategies, and more: https://www.independentagent.com/ACT.
Contract Review
The Big “I” Office of General Counsel (OGC) reviews agency-company agreements based on requests from member agencies and state associations, and in connection with requests for assistance by carriers. View all contracts that have been reviewed and access the Complete Agency Contract Guide.
Cyber Resource Center
Find agency cyber resources from ACT, the latest cyber news, and ADA compliance information on the Big "I" Cyber Resource Center. You'll learn how to protect your agency from an attack, how to ensure cyber compliance, and so much more. All the cyber information you could need, all in one place.
Disaster Planning Guide
Disasters, whether natural or otherwise, can strike at any time and without notice. The best line of defense is offense—prepare your employees, physical office, data, systems, and clients with procedures to implement when disaster strikes. Be prepared to serve your clients without power, phone, Internet, or even a physical office location.
Enhance disaster preparedness for your small business by implementing remote work capabilities, utilizing cloud-based systems, and ensuring diverse, resilient infrastructure to maintain your operations and provide support to your clients during physical disruptions. Access the ACT Disaster Planning Guide.
Diversity, Equality, and Inclusion Resources
Discover the opportunities and benefits of embracing diversity and encouraging change necessary for the independent agency system to thrive. When you lean on our research, education and resources you will create an organizational culture that will better serve diverse markets. Find more information and check out the Inclusive Agency Training Series.
Google Business Profile Optimization Guide
88% of all online searches are done through Google. Fully leveraging your free Google Business Profile can be a powerful way to help your agency gain more visibility, traffic, and customers.
This comprehensive guide will give you step-by-step instructions on how to strengthen your profile and stand out in this competitive market. Access the guide now.
How to Start an Independent Agency
Starting an agency from scratch is possible, but can be very challenging. Owning an agency gives you the ability to be your own boss, have the satisfaction of helping people protect their valuables and investments, as well as provides you with good income potential for many years to come. Find out how to get started.
Market Share Report
The Market Share report can help users understand the current insurance marketplace and opportunities and understand the evolving areas, review historical changes and verify assumptions. The 2024 report is based on 2023 data. Click here to access the 2024 report.
The Right Start Training Series
Over the past few years, the Big "I" Diversity Council has met with scratch agency owners from across the country to learn about the challenges they face within their businesses. One of the main obstacles voiced was the inability to gain appointments with top carriers which paved the way for the new four-part Right Start Training Series: An Agency Toolkit to Grow Your Business and Gain Appointments. Attendees will gain knowledge on operational effectiveness, employee productivity, and goal setting. Learn more.