- 676
Guess like any large organizations, the area MA can be either good or bad. Did you already have appointments with the carriers? Surprised SIAA can only help you get one you didn't have.
SIAA Alliance for Independent Insurance Agents
- Thread starter pzerarka
- Start date
- 790
I am also curious. What is the % the house gets? Is your agency on all the policy correspondence?
If you are using an appointment through SIAA the your agency name will not appear on any correspondence. The policy will also show your master agency as the producer.
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- 676
Interesting, from what I understand, your agency is on the paperwork or policy if you have the direct appointment. This is what I have seen, maybe your area is different?
- 1,581
This isn't true. If you have a direct appointment then your agency's name is on the dec page.
It's true. I was appointed with travelers and America First through my master agency and they were shown as the producer on policies.
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If you have a direct appointment then you aren't using the master agents appointment.
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If you have a direct appointment then you aren't using the master agents appointment.
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Soundadvisor
Expert
- 38
The point I feel should be considered in this discussion is what is the best alternative for the insurance buyer?
I'm sure many insurance brokers express different levels of satisfaction with the SIAA program or others like it. These relationships generate revenue they may not otherwise generate, SIAA retains their share of the commission and the insurers have access to business they might not otherwise be offered.
The only one left out of this discussion is the insurance consumer. More often than not, they are the ones poorly served. Shouldn't the insurance consumer be the primary concern? They are the ones paying the bills.
Insurance consumers look to independent agents as an alternative to dealing with direct writers or captive agents. They expect the independent agent will: have a working relationship with a number of quality insurance companies; be familiar with a company's policy terms and conditions; have the authority to speak on the company's behalf; provide a local link to distant insurers; provide claim or administrative assistance and leverage should they be treated unfairly.
I would argue agents working under a SIAA-type arrangement are less able to provide the level of service insurance consumers expect and are entitled to. Seldom, if ever, are these relationships disclosed to the client.
If consumers are offered the choice, deal with an independent agent with a direct appointment by an insurer or deal with an independent agent with a SIAA-type arrangement, they would or should consider the former without exception. It is little more than a broker type relationship and one insurance consumers would be wise to avoid.
I'm sure many insurance brokers express different levels of satisfaction with the SIAA program or others like it. These relationships generate revenue they may not otherwise generate, SIAA retains their share of the commission and the insurers have access to business they might not otherwise be offered.
The only one left out of this discussion is the insurance consumer. More often than not, they are the ones poorly served. Shouldn't the insurance consumer be the primary concern? They are the ones paying the bills.
Insurance consumers look to independent agents as an alternative to dealing with direct writers or captive agents. They expect the independent agent will: have a working relationship with a number of quality insurance companies; be familiar with a company's policy terms and conditions; have the authority to speak on the company's behalf; provide a local link to distant insurers; provide claim or administrative assistance and leverage should they be treated unfairly.
I would argue agents working under a SIAA-type arrangement are less able to provide the level of service insurance consumers expect and are entitled to. Seldom, if ever, are these relationships disclosed to the client.
If consumers are offered the choice, deal with an independent agent with a direct appointment by an insurer or deal with an independent agent with a SIAA-type arrangement, they would or should consider the former without exception. It is little more than a broker type relationship and one insurance consumers would be wise to avoid.
- 3,351
Soundadvisor who are you all high and mighty man? Come on down from the mountain to the rest of us....NOBODY cares what your writing arrangement is either direct or through an arrangement like SIAA...nobody would care even if they knew you were writing through SIAA...Man what planet are you on bro? Your advice is NOT sound.
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