Standard Mutual Insurance Company
1028 South Grand Avenue West
Springfield , IL 62704
Contact: William K. Keip
Phone: (217) 546-2894
FAX: (217) 793-1382
billkeip@standardmutual.com
Percent of business in Illinois by line:
Commercial: 9% Personal: 91%
Premium Volume: $31,500,000
Are you currently appointing new agents? Yes
What type of agency is your company looking for? Professional agencies seeking a long-term relationship with an established company. We are looking for agencies with a solid growth pattern that can demonstrate a real need for Standard Mutual.
What are your premium volume requirements? (In profit sharing? In life?) Generally, we have a $50,000 requirement for profit sharing qualification. We expect a realistic growth pattern.
Are you currently doing any niche-marketing program? Our niche is personal lines and small business owners.
What is your company’s most aggressive line of business? Private passenger auto
Do you use credit scoring? Yes, new and renewal.
What methods do you use to distribute your insurance products? Independent agents only
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? A company our size can deliver first class personal service and concentrate on the development of strong, ongoing agency/company relationships.
If we had agents agree to sell homeowners policies with actual cash value endorsements, would you write more business in southern Illinois ? We would certainly consider it.
Please list your Marketing Representatives and the territory they cover:
Gerald Broom, South Central Illinois
Tom Garrett, North Central Illinois
Steve Ursin, Northern Illinois
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? Yes
If yes, with what vendors have you developed and/or signed on to provide this technology? Mi-Assistant, ChoicePoint
Do you offer single-entry new business upload from either comparative raters and/or management systems? Yes
Is it available today? No
Is it in development? Yes
Do you provide rates and assistance to comparative rating vendors? Yes
What kind of assistance? Rating Development
Do you work with comparative rating vendors to improve accuracy? Yes
Do you test vendor rates? No
What is your current real-time rating strategy? Personal Auto available 10/2005, Homeowners available 4/2006
Do you provide an agent facing website for your agent’s reference? No
Do you offer the ability to quote and/or issue new business? Yes
Which lines? Personal Auto available 10/2005, Homeowners available 4/2006
Can the transaction be bound online? Yes
Can your agents service in-force policies? Yes
Which lines? Auto and Homeowners
Describe the service transactions available: Policy change request
Do you publish agent manuals and policy forms on-line? Personal Auto available 10/2005, Homeowners available 4/2006
Do you have upload? Yes
Which lines? Personal Auto available 10/2005, Homeowners available 4/2006
Do you support policy download? Yes
Which lines? Auto and Homeowners
Do you support direct bill commission statement download? No
Which agency management systems do you work with? Applied, DORIS , AMS, InStar, MI, SIS
Live Systems? Applied, DORIS , AMS, InStar, MI, SIS
Are there any systems in development? IRS AIMS
Do you support real time service for inquiry? No
Do you have real time endorsement capabilities? No
Do you support either Transformation Station, Transact Now or other technologies? No
Is this technology available today? No
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.
Our main technology initiative is the development of a new agency web interface. This web interface will allow our agents a direct portal into the company. Features of the interface will include real time quoting, application rating and submission, online forms, online manuals, policy change requests and electronic payments.