SIAA posts record written premium in 2020

SIAA posts record written premium in 2020 | Insurance Business America

SIAA posts record written premium in 2020

Despite the pandemic, 2020 was a good year for Strategic Insurance Agency Alliance (SIAA).

The independent insurance agent network revealed that for 2020, it recorded a total in-force premium of $9.6 billion; the figure represents an increase of 7.9% from 2019.

Read more: SIAA hits $9.1 billion in written premium

The group also reported in a release that 2020 is the 6th year in a row where it had total in-force premium growth worth $700 million or more.

Last year, SIAA signed 527 independent agents, an increase of 14.8% from 2019. Over the past five years, SIAA averaged 493 new member agencies.

At present, SIAA maintains 30 national strategic partner companies and 48 strategic master agencies.