The Insurance Networks Alliance is the principal organization promoting the critical role of insurance networks to the independent agent distribution channel.
We are a forum to collaborate with our industry partners. Our goal is to work together for productive relationships with carriers, associations, channel partners and peers to evolve the collective value of insurance networks.
The journey to create the Insurance Networks Alliance began during a strategic planning meeting at Live Oak Bank in 2016. During that meeting, Kelly Drouillard and Mike Strakhov of Live Oak were discussing the partnerships the bank has with insurance networks and realized there was no group to represent the specific needs of this growing segment of distribution in the industry. Live Oak polled their existing network relationships to gauge the interest in creating such an organization and as a result, scheduled a meeting with CEOs and Senior Executives of The Woodlands Financial Group, Indium, Smart Choice, Secured Advantage and CMS Insurance Services in September 2016. Following this discussion, the group was expanded to include other networks and insurance carriers in the conversation.
In January 2017, Live Oak sponsored a meeting of representatives from 11 insurance agency networks and 10 insurance carriers. During the two-day meeting, the group discussed the challenges facing distribution, the role of agency networks and how to improve existing and future carrier/network relationships. The feedback and momentum from this meeting launched an Advisory Committee to oversee the development of the organization and set the course for the group moving forward. The Advisory Committee worked diligently to launch The Insurance Networks Alliance in mid-2017.
The mission of the organization is clear: We are a forum to collaborate with our industry partners. Our goal is to work together for productive relationships with carriers, associations, channel partners and peers to evolve the collective value of insurance networks.