ARM Growth Evidence of Strong Member Platform
In the shadows of a difficult economy and competitive insurance climate, members of Associated Risk Managers (ARM) are coming out ahead.
Itasca, IL (PRWEB) August 11, 2006 -- The nation’s foremost agency network is thriving on its connections, collaboration, and communication. Now with more than 300 agency members operating on national, state, and regional levels, ARM provides marketing programs, products and services geared toward revenue-generating opportunities -- and the numbers are speaking for themselves.
Special affiliation with Arthur J. Gallagher (AJG), the world’s fourth largest insurance broker, has enabled access to niche expertise, products and services that individual agencies cannot develop on their own. Annual premium volume* has increased substantially from $3 million at year-end 2000 to $94.3 million at year-end 2005, increasing an average of nearly $20 million in premiums annually. A reflection of both growing ARM membership and the opportunities it provides, the pace is expected to continue to $100 million by year-end 2006.
The numbers are similarly favorable for ARM Finance Company (ARMFICO), which provides financing for premiums sold by ARM member agencies. Premiums financed increased from nearly $80 million at year-end 2003, to $91.8 million in 2004, and reaching $98 million by year-end 2005.
Beyond connection to products and services, ARM membership enables other benefits including proprietary quoting technology, cost-savings systems, and ongoing training and education. The industry’s top leaders and organizations have established a network across 26 states extending available tools and resources and encouraging shared ideas and expertise. For more information about ARM and to become part of this growing professional membership, contact Scott Spangler at (630) 285-4324, or visit www.armiweb.com.
*Annual premium volume is based on the amount of business written through Gallagher’s retail facilities on a co-brokerage basis and through Risk Placement Services on a wholesale brokerage basis.
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