Revealed – America’s leading insurance networks and alliances for 2024

Revealed – America's leading insurance networks and alliances for 2024

Revealed – America’s leading insurance networks and alliances for 2024 | Insurance Business America

Insurance News

Revealed – America’s leading insurance networks and alliances for 2024

Companies rated across 10 categories

Insurance News

By
Roxanne Libatique

Insurance Business America (IBA) has released its annual list of top insurance networks and alliances in the US for 2024.

This year’s selection was determined through direct input from agents, who assessed their networks based on key business factors.

IBA’s data showed that commissions and profit-sharing remain the top reasons for agents to affiliate with a network. In 2024, 93% of respondents identified these as the main drivers, a significant increase from 81% in 2023.

Selection process for top insurance networks and alliances

IBA conducted a national survey of insurance agents, asking them to evaluate the networks they work with based on a range of performance indicators.

Participants rated their networks on a scale from 1 (poor) to 10 (excellent) across the following categories:


access to insurance companies and products
commissions and profit-sharing agreements
availability of niche and non-traditional markets
marketing and business development support
education and training opportunities
administrative support services
access to technology tools
business advisory and consulting services
succession and perpetuation planning
discounts from third-party vendors

Networks earning an average score of 8 or higher in any single category were awarded a 5-star rating. Those that reached or exceeded the 8-point mark across all categories received the All-Star designation.

IBA’s 2024 recognized networks and alliances

Several networks and alliances stood out in this year’s rankings, earning recognition for their performance. The organizations recognized included:

See also  RATESDOTCA reveals 2024 outlook for auto insurance industry

Keep up with the latest news and events

Join our mailing list, it’s free!