Society Insurance

www.societyinsurance.com
PO Box 1029
Fond du Lac, WI  54936-1029
Contact: Brad Korkow
Phone: (888) 576-2438
FAX: (920) 922-0747
bkorkow@societyinsurance.com

Percent of business in Illinois by line:
Commercial: 100%
Premium Volume: 20,000,000

Are you currently appointing new agents? Yes

What type of agency is your company looking for? Professional, experienced independent agencies who value long-term company relationships.

What are your premium volume requirements? (In profit sharing? In life?) Premium volume requirements are set with each agency on an individual basis. All agencies must be able to reach at least $250,000. For profit sharing, the requirement is $100,000.

Are you currently doing any niche-marketing program? Yes, we actively market our niche products which include highly specialized packages for restaurants, taverns, hotels, grocery stores, contractors and manufacturing.

What is your company’s most aggressive line of business? Workers Compensation and our targeted niche markets.

Do you use credit scoring? Yes, we use credit scoring along with other pre-screening factors for both new business and renewals.

What methods do you use to distribute your insurance products? Independent agents

What do you think makes your company different, or stand out from all the rest in Illinois? Why would an agent want to contract with your company? Society Insurance values innovation. Our specialty niche products are arguably the best in the industry. We also value relationships. We strive to work with agencies to foster mutually advantageous agreements. We answer our phones, we answer your questions, and we work with our agents to write profitable business.

Please list your Marketing Representatives and the territory they cover:
Troy Louis
State of Illinois
tlouis@societyinsurance.com

Do you plan on retaining your current profit sharing agreements? Yes

Do you offer the ability for agents to integrate third-party reports into their comparative rating process? No

If not, do you have plans to do so? Please list estimated timeframe of when this capability will be available for Illinois agents? We do not write personal lines. All credit and MVR reports are ordered internally for underwriting commercial lines.

Do you offer single-entry new business upload from either comparative raters and/or management systems? No

Is it in development? No

Do you provide rates and assistance to comparative rating vendors? No

What is your current real-time rating strategy? We have an on-line rater (SureRater) to rate most of our niche packages, WC, auto and umbrella.

Do you provide an agent facing website for your agent’s reference? Yes

Do you offer the ability to quote and/or issue new business? Yes

Which lines? Niche packages, WC, auto & umbrella

Can the transaction be bound online? Yes and the application can be sent electronically to the home office.

Can your agents service in-force policies? Yes

Which lines? All policies

Describe the service transactions available: Access billing and payment information, claims information, manuals, agency production reports & commission statements.

Do you publish agent manuals and policy forms on-line? Yes

Do you have upload? No

Do you support policy download? No

Do you support direct bill commission statement download? No

Which agency management systems do you work with? Applied Systems – Transformation Station

Are there any systems in development? Yes AMS-Transact Now

Do you support real time service for inquiry? Yes, Transformation Station

Which lines? Policy Inquiry

Claims? Yes

Billing? Yes

Do you have real time endorsement capabilities? No

Do you support either Transformation Station, Transact Now or other technologies? Yes

If yes, please specify: Transformation Station

Is this technology available today? Yes

Is it in development? Transact Now is currently in development.

Please outline the top 3 technology initiatives your company will be implementing to benefit agency workflows, and describe how these initiatives will benefit the agency.

1. Working towards a paperless environment which includes all documents being sent to the agent electronically.

2. Expanding our website to allow agents access to more information regarding in-force policies.

3. Policy upload/download of niche products.