Why sell Insurance for Mexico? Click here
More Information on Mexican Insurance Online...
Website-to-Website sales are accomplished utilizing the customer's credit
card or a credit card used by the agency. The printing of the policy
includes the Declaration Page and the Terms & Conditions. This IS
NOT an insurance application system, like so many others! We print the
Declaration Page itself at the agent's computer. No pre-printed forms
are required! Our Mexico insurance underwriters are Grupo Nacional Provincial
(GNP), an AM BEST A-rated company. GNP is the second largest Mexico
insurance company and the largest underwriter of Mexico tourist auto
insurance. We also offer ACE Seguros, a company in the ACE-INA Holdings
Group of Companies, which write over 20 billion in premium annually
Questions & Answers...
Is this a product that members need to operate their business, or would this product help the member operate their business?
International Insurance Group's (IIG) online Mexico Auto insurance program would enable an agent to offer a wider variety of products to their customers without an additional investment on their part. Most often agents are sending this Mexico Insurance business to other agents who traditionally have specialized in this market. This is primarily due to the laborious process involved in becoming an authorized agent, meeting production quotas, and issuing the policy via an application process with pre-printed forms. Our system removes all of these obstacles. Our system is paperless except for the policy itself. The policy is issued and all accounting and production monitoring are built into the online system, enabling the agent to simply look at their online production report at any time for total number of policies sold, gross premium, taxes, fees and commissions earned. This streamlines agency operations and reduces operating costs. Our system eliminates the need for an application and pre-printed forms entirely. Additionally, direct writers have now entered the Mexico Tourist auto insurance market as they have realized the size and potential of this market. UAIIA member agents should also offer this product. By offering this product member agent's enhance their product offerings to their clients.
What is the potential market? How many agents have the product now and market this product?
The Mexico Tourism Department states that 32 million autos enter Mexico from the U.S. annually. Of these, 14 million proceed to the interior of Mexico. A customer's U.S. insurance is not recognized in Mexico. This product is currently available through thousands of independent agents, primarily close to the U.S./Mexico border. However, many agents now offer this product far from the border region; for example, Houston, Dallas, Chicago, Tampa, San Francisco, etc.
What is the member advantage associated with the product, and does the member receive an advantage coming through UAIIA versus buying the product directly?
Examples of member advantages are better rates, lower cost, higher commission, lower volume commitment, etc. This is one of the most important questions. By coming through UAIIA, a member will not need to meet minimum volume requirements. Our commissions are the highest paid for this product, primarily due to our distribution technology. We are the only distributor of Mexican Auto insurance to offer online, immediate quotes and issuance of the actual policy from multiple underwriters. Your members will be assured of placing quality coverage at very competitive prices from a choice of three (3) of the top insurers in Mexico.
What does it cost the member agent to become an authorized agent?
There is absolutely no cost involved, other than the time it takes the agent to become familiar with issuing a policy and reviewing the production monitoring features. This can be accomplished in 10-15 minutes.
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