MIAA is an independent insurance agency integrator group. We partner with national and regional carriers to provide independent agents with access to companies and markets which may be otherwise unavailable to insurance agents. In addition, we offer member benefits designed to increase income, enhance agency value and help independent agencies remain independent.
MIAA is a Master Agency affiliated with SIAA – The #1 alliance of independent insurance agencies in the country.
SIAA is a national insurance alliance comprised of Master Agencies throughout the country. The Master Agencies recruit and support Strategic Agencies within their market area.
MIAA’s market includes Nebraska, Kansas, Missouri, Iowa, North Dakota, South Dakota, and Minnesota.
After recruiting the Strategic Agency, the Master Agency makes available its appointments to major carriers. It also provides management support, marketing, training, and additional income opportunities to the agency.
MIAA was created to help smaller independent agencies and others grow while maintaining their independence and survival. The strength of our agency alliance within the insurance industry is due to the collective pooling of premium volume with all of our member agencies. MIAA is affiliated with SIAA because of its 20+ years of experience and its nationwide reach. In addition, SIAA offers tools and resources for its Master Agencies and our members that can not be found in other alliance networks.
There is no specific member profile, and we have members of various sizes. Many of these members are smaller agencies in need of markets. However, direct writers, life, health, and financial service agencies and producers, without vesting in their book, will all find MIAA membership beneficial.
Yes. We are constantly negotiating higher commissions, bonuses and overrides with our carriers. Several excess compensation arrangements, premium financing and excess and surplus lines overrides are also in effect.
Yes. There are several options for perpetuation under the MIAA agreement and in certain circumstances is contractually guaranteed by a formula included in the membership agreement.
When you’re a captive agent, if rates change or a client’s circumstances change, you can lose a lot of business.
With MIAA, you get access to different companies, so in any given company, if one company doesn’t want that risk and gives high rates, there’s another company that does want the business, so that keeps you competitive wherever you want to do business.
When you look at the business side of things: (1) you like to keep your customers, and (2) you like your business to make money.
MIAA and our partner companies have a great commission structure. We offer local, regional, and national profit sharing.
If you compare a captive agency type business and commissions as an independent with MIAA, you’ll notice that the commissions are much better and the premiums are much more competitive.
This means that premiums are lower and you get to keep your business. But that doesn’t mean a lower commission. When you look at it, you’re actually making more money with MIAA and the lower premiums than you would do as a captive agent and higher premiums. You’ll also retain a lot more business.