Insurance Business America 8.06

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Stronger together Tony Caldwell, chairman and CEO of One Agents Alliance, tells IBA what agencies can gain from being part of an agency network, especially during crises like the COVID-19 pandemic

IBA: How did One Agents Alliance come about, and what need does it fill in the agency space? Tony Caldwell: I began my insurance career in 1996 in a small commercial insurance agency, and I got into the business hoping to build a large sales organization, but I didn’t know how to go about doing that. In 1997, I learned about a company called Strategic Insurance Agency Alliance [SIAA], and their model solved all the problems that I was looking to solve, so we became a master agency for them in 2000. From 2000 until 2020, we’ve grown into a $500 million premium organization with 185 insurance agencies and about 750 employees all told, which is a little over a 30% compound annual growth rate. SIAA and our organization are focused on growth, and with that mindset, we’ve evolved over the last 20 years from a market access and aggregation organization into a coaching and development organization.

IBA: What benefits does OAA provide to its member agencies? TC: The independent agency business is changing in ways that are unique in its 100-year history. Adapting to those changes and maximizing the opportunities that those changes present require people to get additional training and education, whether they’re a captive agent making the transition and learning how to manage a business or


they’re a larger existing independent agency learning how to leverage their books of business to maximize revenue or develop digital marketing. We currently have programs to help existing independent insurance agencies of all sizes grow their books of business and build up revenue, income and value, but we also have a long-time specialization in helping captive agents make the transition to independent agent ownership. We’ve done probably 250 independent agency startups over the last 20 years, and we’re really proud of that. We feel like we’ve been a part of the growth of the independent agency system, both in terms of premium and also in terms of the numbers of employees and entrepreneurs in the system. [We also] help agencies have broader access to the carrier marketplace because they don’t have to be concerned with maintaining minimum volumes to write for a carrier. That’s particularly important to existing independent agencies that are relatively small, but it’s also valuable to larger

agencies because it allows them to change the nature of the relationship they have with the carrier – now they’re part of most carriers’ largest-production organization. That means typically more money to the agencies across the board. It’s also a benefit to the carriers because as a growth-focused organization, our organic growth for them is many multiples higher than the industry’s growth rate, so everyone benefits.

IBA: How are OAA and its members adapting to the COVID-19 outbreak? TC: We’ve been helping members conduct three-, six-, nine- and 18-month analyses of their strengths, weaknesses, opportunities and threats as a baseline for their adaptation to the coronavirus. We also built a guide on how to move your agency online for our agencies at the very beginning of this crisis. We just recently published a ‘how to return to an office environment safely’ aid for them. And I collaborated with Eric Blue and Matt Masiello – two SIAA colleagues – in writing the book COVID-Proof Your Agency, where

ABOUT ONE AGENTS ALLIANCE Agency network One Agents Alliance (OAA) was born inside Tony Caldwell’s independent insurance agency in 2000, when he signed up to be the first master agency west of the Mississippi River for the Strategic Insurance Agency Alliance (SIAA). Today, OAA offers a broad range of benefits to its member agencies. With its recent expansion into California, OAA now operates in four states, which also include Oklahoma, Kansas and Arkansas.

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