IIABL Offers La. Big I Network for Member Agents

The Independent Insurance Agents and Brokers of Louisiana (IIABL) reported it has established the Louisiana Big I Network to offer alternative markets for agencies that are restricted because of premium volume. What distinguishes Louisiana Big I Network from other cluster or brokerage operations is that it is member driven—it exists to provide markets and maximize commission income to member agencies.

Louisiana Big I Network has no requirements for a return on investment. Member agents who wish to participate will be required to complete an agency profile, meet a company’s predetermined guidelines and be approved by the insurance company. All member agencies can apply to Louisiana Big I Network, however, access to markets is not guaranteed. Each insurance company has the ultimate authority over who, what and where.

The purpose of Louisiana Big I Network is to provide insurance markets to our members by:

1) Aggregating the small books of various IIABL member agents with common insurers into large books of business which meet the insurer’s minimum premium volume requirements and qualifies for profit sharing.
2) Providing wholesale brokerage facilities to IIABL members
3) Allowing IIABL members that develop a large book of brokerage business to contract directly with the insurer.
4) Providing better compensation, service and value than similar brokerage or cluster operations available to members,

For more information on the Louisiana Big I Network contact Ed O’Brien at eobrien@iiabl.com or Jeff Albright at jalbright@iiabl.com, or by phone at (225) 819-8007.