SVEA MUTUAL INSURANCE COMPANY
1103 Fourth Street
Orion IL, 61273
(309) 526-3366 o FAX: (309) 562-3530
svea@qconline.com
www.sveamutual.comPercent of business in Illinois by line:
Personal: 100%Are you currently appointing new agents? Yes.
What type of agency is your company looking for? Most of the new agents Svea Mutual appoints have a connection to the agricultural marketplace, however we also offer a competitive homeowners product.
What are your premium volume requirements? Svea Mutual has no minimum premium volume requirements, but we encourage our agents to reach the profit sharing threshold of $35,000 in a reasonable time.
Are you currently doing any niche marketing program? Our specialty has been the farm marketplace since 1865.
What is your company's most aggressive line of business? Agricultural coverages, however our agents are submitting a significant number of new homeowner applications.
Do you use credit scoring? Yes, on new business and on risks that come to our attention for various reasons. We have no formal program for renewals.
Do you currently download/upload with your agencies? No.
What methods do you use to distribute your insurance products? Independent agents.
What makes your company stand out from all the rest in Illinois? Why would an agent want to contract with your company? Svea Mutual strives to provide the products and services of a large company, while maintaining the contact and establishing a relationship with our agencies that can only be done with a small company.