REInsurePro has been recognized as a 5-Star Program Administrator/Manager in Insurance Business America’s 5-Star Program Administrators/Managers and Carriers annual report. This prestigious list showcases the best program administrators and carriers in the country.
Insurance Business America is the world’s leading independent insurance publisher, reaching over 500,000 insurance professionals daily in six markets. They publish daily news, opinion and analysis in addition to a growing series of special reports – industry surveys and rankings showcasing the best individuals, companies and products in the market.
In June 2021, the call went out for submission to IBA’s 5-Star Program Administrators/Managers award. By early July, IBA was inundated with entries and the judging process began.
Entries were scored on the program administrators/managers’ achievements and initiatives across a range of areas, including largest programs, how firms demonstrate expertise and stability, innovations in program development, and uses of technology. The judging panel took into consideration both qualitative and quantitative data, such as total firm premium volume and premium from commercial business.
Companies with excellent ratings were named winners including REInsurePro who received 5-star ratings from the insurance sector.
“This is such an honor to be recognized for the work we’ve put in building this unique program. We always say that it’s not really what we do that sets us apart, it’s how we do it. With our extensive experience, we understand real estate investors, and with ease of use as our primary focus, our program continues to grow and evolve,” says Shawn Woedl, CEO of REInsurePro. “This prestigious award is proof that we are doing something right, and we are excited to continue this trajectory along with our retail agent partners.”
Meanwhile, the feedback from the program administrators on their carriers were used to judge the carrier winners, also featured in the September issue. In total, carriers were evaluated based on rankings of 1 to 5 on financial stability, carrier reputation, relationship management, exclusivity of working relationships, underwriting guidelines, internal program manager experience, commitment to innovation, compensation, claim specialization and marketing support.
“We are so pleased that a number of the carriers that underwrite our program were also selected as 5-Star Carriers. When we work with the best partners with a solid relationship built on trust in on another’s experience, we are able to provide creative solutions for agents and real estate investors,” says Woedl.
The full report is available in the September issue of the Insurance Business America magazine. To view the list and to find out more about REInsurePro click here.