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NAMIC Member Benefits

NAMIC's strength is much the same as it was when it was founded in 1895; members are able to accomplish objectives more effectively as a group than as separate companies. Each member has the opportunity to guide and direct the association by participating in one of the many board, committees, task forces and working groups. NAMIC members also gain strength by having access to a wide variety of products and services. The following is a list of NAMIC member benefits available.

Federal Affairs - NAMIC's Washington D.C. staff monitors and reports on items of legislation that impact NAMIC members. The staff understands the legislative process, which enables the association to successfully advocate on behalf of members.

State and Regulatory Affairs - Advocacy activities on the state level and in the NAIC arena are the chief concern of NAMIC's Regulatory Affairs department.

Communication - NAMIC communication media is targeted directly to the specific needs of member companies through the P/C Executive Update and Farm Mutual Forum, NAMIC Online and Property/Casualty Insurance magazine.

Insurance - Nearly 85 percent of NAMIC member companies are served with one or more of the major programs offered by NAMIC Insurance Agency (NIA) Group Life/Health and Property/Casualty insurance programs.

Compensation and Benefits Report - This is the simple, quick and inexpensive way to know the compensation and benefit market for your mutual insurance company, including compensation for board directors.

Education - NAMIC's Property Casualty Conference educational events give senior level managers and company personnel the opportunity to network with peers while gathering information that can be utilized in their companies. NAMIC's Farm Mutual Conference provides products, services and information that address the unique needs of farm mutual insurance companies. Managers and other company personnel can benefit from the many options available.

Claim Arbitration Service - The NAMIC Property Casualty Conference Claim Arbitration Service is a binding, nationwide arbitration service whose committee provides comprehensive written decisions that save your company litigation costs.

Capitalization - Sooner or later your company may need to increase your capital. NAMIC has a Capital Access Programs that may be a solution for gaining the additional capital needed to achieve your goals. Companies may access up to $50 million for capitalization.

American Partners Bank - NAMIC can help you respond to insured's needs by providing a broad range of financial services products to your agents and customers through the nationwide, federally chartered thrift institution of American Partners Bank. Insurance company loan programs, agency acquisition financing and several credit card programs are also available.

Benchmarking Service - NAMIC has teamed up with Ward Group to provide this valuable management tool for insurance company managers. Benchmarking is the process of comparing both measurable financial characteristics and the best practices of competitive insurance companies across the industry.

Legislative/Regulatory Tracking - Gives you the power to stay informed about a wide range of state and federal insurance issues, 24 hours a day, seven days a week by providing continuous monitoring of over 525 legislative and regulatory issues in all fifty states, Washington D.C., Puerto Rico, the Virgin Islands and the federal government.

Committees and Boards - One benefit of membership is the opportunity to serve on one of our many boards, committees, task forces or work groups. These committees and boards guide and direct the association throughout the year.

Preferred Service Organization Marketplace - The Preferred Service Organization Program is designed to benefit NAMIC Members by offering a web-based source for contact and referral information on providers of products and services to the property/casualty industry.

NAMIC Web Services - NAMIC Web Services (formerly NAMIC e-Services) was formed as a value-added service for NAMIC members and affiliates.

Annual Convention and Exhibit Show - NAMIC's premier annual event takes place each September and brings together more than 1,500 managers, directors, CEOs and other insurance executives to take part in outstanding educational sessions and industry presentations.

Products - Education materials such as technical manuals and training videos are designed to provide training for agents, claims adjusters, underwriters and loss control professionals.

Resource Guide - The online resource guide is a listing of NAMIC member companies, main contacts, boards, committees, staff and by-laws. All resource guide information is accessible only by NAMIC members.