Profit-sharing is one of the most valuable benefits of joining the SIAA network.
Insurance carriers use a part of their underwriting profits to encourage sales and motivate independent agents to sell their products instead of the competition. While profit-sharing typically has additional requirements that go above and beyond commissions, agencies that meet them essentially get a bonus for the same work.
For example, a carrier may offer a bonus of 1.5% if yearly sales reach $1,500,000 and the loss ratio is greater than 50%. This calculates to an extra $22,500 on top of existing paid commissions.
Most agents do not reach over a million in sales per year. That’s why it’s so advantageous to belong to SIAA — we work TOGETHER to achieve the requirements and share the profits.
Southwest Insurance Agents Alliance opens doors, and we open them wide with exclusive carrier access. While most carriers aren’t accepting new agents, SIAA has the size and membership to give you access. Strength in numbers counts!
Absolutely. We have weekly training sessions and on-demand support when you need help with any aspect of your business. Our experts can set up specific programs that train you to enter new types of business according to your goals.
SIAA was started to connect local agents in Arizona, New Mexico, and Nevada to increase their independence with the support of a strong local and national organization. Our mission is to empower our members to take advantage of opportunities offered to a privileged few.
SIAA is committed to growing the independent agency system and helping independent agents realize their dreams. Our team of experienced professionals is dedicated to helping members grow profitably and achieve their goals.