AIC Insurance Agency

What AIC Insurance Agency does

AIC Insurance Agency is an independent insurance agency founded in 1936, operating five physical office locations across Oregon and Washington (Portland, Redmond, Eugene, Vancouver, and Moses Lake). Despite its regional office footprint, the agency is licensed in over 40 US states, enabling it to underwrite and service policies for customers nationwide. The firm distributes a broad insurance portfolio spanning personal lines (home, auto, life, motorcycle, condo, flood, renters, travel, umbrella, watercraft, and numerous specialty personal products), commercial lines (business owners policies, general liability, commercial umbrella, business auto, commercial property, workers' compensation, cyber liability, environmental, liquor liability, builders risk, ocean marine, and natural disaster), and more than 70 industry-specific coverage programs for contractors, manufacturers, restaurants, healthcare facilities, technology firms, agricultural operations, hospitality, retail, transportation, cannabis, and many other verticals.

As an independent agency, AIC Insurance does not underwrite policies or develop proprietary technology. Instead, it functions as a multi-carrier distribution intermediary, representing carriers that include American Modern, Geico, Safeco, and Grange Insurance Association, and is affiliated with the Trusted Choice independent agency network. The agency earns revenue through commissions paid by its carrier partners on policies sold and renewed, a structurally recurring revenue stream tied to policy persistency. The firm employs between 11 and 50 staff, operates a sales-led go-to-market combining in-office consultations, online quote requests, a referral program, and an active Facebook presence, and is led by Principal Chris Green. The firm is privately held with no disclosed parent company, private equity investment, or external institutional backing.

Name

AIC Insurance Agency

Legal name

AIC Insurance Agency

Website

https://aicinsagency.com

Company type

Private

Founded year

1936

Operating status

Operating

Headcount range

11–50 employees

Short description

AIC Insurance Agency is an independent insurance agency founded in 1936 with five offices across Oregon and Washington, licensed in over 40 US states. It distributes personal, commercial, and 70+ industry-specific insurance products from multiple carriers to individuals and small businesses.

Ownership category

akta.pro rank

Headquarters

HQ city

Redmond

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Insurance Commissions: AIC Insurance Agency operates as an independent insurance agency earning revenue through commissions paid by insurance carriers they represent. As an independent agency, they offer products from multiple insurance companies including American Modern, Geico, and others, earning commissions on each policy sold and renewed.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

AIC Insurance Agency is an independent insurance agency that distributes personal, commercial, and industry-specific insurance products from multiple carriers (including American Modern, Geico, Safeco, Grange Insurance Association, and Trusted Choice) to families and businesses. It operates five offices across Oregon and Washington and is licensed in over 40 U.S. states, earning commissions on policies placed and renewed through direct sales, online quote requests, and referrals.

Product overview

AIC Insurance Agency is an independent insurance agency offering a comprehensive portfolio of insurance products across three main categories: personal insurance, business insurance, and industry-specific coverage. The agency operates through five locations across Oregon and Washington, providing personalized insurance solutions by representing multiple insurance carriers including American Modern, Geico, and others. Their personal insurance offerings include home, auto, life, motorcycle, condo, flood, renters, travel, umbrella, watercraft, and numerous specialty coverages. Business insurance products encompass business owners policies, general liability, commercial umbrella, business auto, commercial property, cyber liability, workers compensation, and various other commercial lines. Additionally, they provide specialized coverage for over 70 specific industries including contractor, professional services, crane, manufacturer, non-profit, restaurant, technology firm, trucking, healthcare facilities, hospitality, retail, agricultural operations, and many more. As an independent agency, they function as an insurance distribution channel connecting customers with appropriate carrier partners rather than underwriting policies themselves.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Insurance Home insurance protects homeowners against risks to their home and personal property, covering damage from fire, water, theft, and providing liability protection for injuries occurring on the property.
• Auto Insurance Auto insurance provides coverage for vehicles and drivers, including liability protection for bodily injury and property damage, medical payments coverage, uninsured/underinsured motorist coverage, and physical damage protection.
• Individual Life Insurance Individual life insurance provides financial protection for families, covering term, whole, and universal life options to secure the future of loved ones against death and associated costs.
• Motorcycle Insurance Motorcycle insurance provides coverage for motorcycles and riders, including liability, physical damage, medical payments, and optional coverage for custom parts and uninsured motorists.
• Condo Insurance Condo insurance protects personal property and provides liability coverage for condo owners, covering improvements, personal belongings, and additional living expenses when the unit is uninhabitable.
• Flood Insurance Flood insurance provides coverage for damage caused by flooding, including building coverage for foundation, electrical systems, plumbing, appliances, and contents coverage for furniture, electronics, and clothing.
• Renters Insurance Renters insurance covers personal belongings, liability, and additional living expenses for individuals renting apartments or homes, protecting against loss from fire, theft, and other covered perils.
• Travel Insurance Travel insurance provides coverage for trip cancellation, interruption, medical expenses, evacuation, baggage loss, and travel delays for individuals traveling domestically or internationally.
• Umbrella Insurance Umbrella insurance provides additional liability coverage beyond the limits of auto, home, or watercraft policies, protecting against lawsuits and large liability claims.
• Watercraft Insurance Watercraft insurance protects boats and watercraft owners against physical damage, liability, towing, pollution liability, and provides coverage for salvage and hurricane haul-out situations.
• Business Owners Insurance Business Owners Insurance (BOP) combines business property and liability insurance into one policy, covering business assets, income loss, cyber liability, and general business risks.
• General Liability Insurance General liability insurance provides protection against bodily injury claims, property damage, advertising injury, and medical payments for businesses operating with client interactions.
• Commercial Umbrella Insurance Commercial umbrella insurance provides excess liability coverage that kicks in when primary business insurance policy limits are exceeded, protecting against large liability settlements.
• Business Auto Insurance Business auto insurance covers commercial vehicles owned or leased by businesses, providing liability, bodily injury, property damage, and physical damage coverage with higher limits than personal auto policies.
• Commercial Property Insurance Commercial property insurance protects business property including buildings, equipment, inventory, and records against damage, loss, theft, and covers associated business income losses.
• Contractor Insurance Contractor insurance provides coverage for construction professionals including builders risk, business auto, commercial property, contractors equipment, general liability, inland marine, and workers compensation.
• Professional Services Insurance Professional services insurance covers service-oriented businesses against errors and omissions liability and malpractice claims, protecting businesses that provide advice, consulting, or professional services.
• Crane Insurance Crane insurance provides specialized coverage for crane operators offering bare rental or operated crane services, including physical damage, liability, rigging coverage, and transit protection for various crane types.
• Manufacturer Insurance Manufacturer insurance covers product manufacturers against risks including business interruption, product recall, commercial general liability, motor truck cargo, ocean cargo, and errors and omissions.
• Non-Profit Insurance Non-profit insurance provides tailored coverage for tax-exempt organizations including directors and officers liability, general liability, commercial property, employment practices liability, and professional liability.
• Cyber Liability Insurance Cyber liability insurance covers unauthorized access to electronic data, software within business networks, virus spreading, computer theft, extortion, and employee errors or omissions.
• Workers' Compensation Insurance Workers' compensation insurance protects employees against job-related injuries and illnesses, covering medical expenses and lost wages as required by law.
• Builders Risk Insurance Builders risk insurance covers buildings and structures under construction against damage from covered perils until construction is completed.
• Risk Management Services Risk management services help businesses identify, assess, and mitigate operational risks through comprehensive analysis and strategic planning.
• Restaurant Insurance Restaurant insurance provides comprehensive coverage for food service establishments including general liability, property coverage, workers compensation, and liquor liability.
• Technology Firm Insurance Technology firm insurance covers technology companies against professional liability, cyber liability, and business interruption risks specific to tech businesses.
• Trucking Insurance Trucking insurance provides coverage for trucking companies and owner-operators including motor truck cargo, liability, and physical damage for commercial trucks.
• School Insurance School insurance provides coverage for educational institutions including general liability, property coverage, and protection for students and staff.
• Church Insurance Church insurance provides coverage for religious organizations including general liability, property, and pastoral professional liability.
• Medical Office Insurance Medical office insurance covers healthcare facilities against professional liability, general liability, property damage, and medical equipment coverage.
• Brewery Insurance Brewery insurance provides coverage for craft and commercial breweries including product liability, property coverage, and liquor liability.
• Farm Insurance Farm insurance provides coverage for agricultural operations including property, livestock, crops, and farm equipment against various risks.
• Aviation Insurance Aviation insurance provides coverage for aircraft operators including physical damage, liability, and hull coverage for planes and helicopters.
• Hospitality Insurance Hospitality insurance provides coverage for hotels, motels, and lodging facilities against property damage, liability, and guest-related risks.
• Retail Business Insurance Retail business insurance covers retail establishments against property damage, liability, and coverage for inventory and equipment.
• Home and Auto Bundled Insurance Home and auto bundled insurance combines homeowners and auto policies for multi-policy discounts and simplified account management.
• Earthquake Insurance Earthquake insurance provides coverage for damage to homes and property caused by seismic activity, separate from standard homeowners policies.
• Pet Insurance Pet insurance helps cover veterinary expenses for cats and dogs, providing reimbursement for accidents, illnesses, and routine care.
• Liquor Liability Insurance Liquor liability insurance covers businesses that sell, serve, or furnish alcohol against claims arising from alcohol-related incidents.
• Environmental Insurance Environmental insurance provides protection against environmental catastrophes and pollution-related liabilities for businesses that may cause environmental damage.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• American ModerncoreChannel Partner/ Reseller/ DistributorAmerican Modern is an insurance carrier represented by AIC Insurance Agency. The agency offers American Modern products as part of their portfolio of insurance solutions for customers.
• GeicocoreChannel Partner/ Reseller/ DistributorGeico is an insurance carrier represented by AIC Insurance Agency. The agency offers Geico insurance products as part of their independent agency model.
• SafecominorChannel Partner/ Reseller/ DistributorSafeco Insurance is a carrier partner represented through AIC Insurance Agency's independent agency model.
• Trusted ChoiceminorChannel Partner/ Reseller/ DistributorTrusted Choice is an independent insurance agency association that AIC Insurance is affiliated with, providing access to additional resources and carrier relationships.
• Grange Insurance AssociationminorChannel Partner/ Reseller/ DistributorGrange Insurance Association is a carrier partner represented by AIC Insurance Agency.

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Parker, Smith & Feek: Bellevue, WA-headquartered independent insurance brokerage serving the Pacific Northwest with similar personal, commercial, and specialty-line distribution — the closest geographic and operating analogue to AIC's five-office OR/WA footprint.
• PayneWest Insurance: Independent, regional insurance agency based in Boise, ID, serving the broader Pacific Northwest with multi-line personal and commercial coverage, representing multiple carrier partners in the same independent agency model.
• Leavitt Group: Cedar City, UT-headquartered independent insurance agency operating across multiple western states with carrier-representation model and industry-specific niche practices — comparable in independent structure and multi-state footprint.
• Heffernan Insurance Brokers: Walnut Creek, CA-based independent insurance brokerage with mid-market and specialty commercial focus, multi-state presence, and similar multi-carrier representation — closely comparable to AIC's commercial book strategy.
• Brown & Riding Insurance Services: Independent wholesale/retail insurance brokerage with multi-line distribution and specialty industry expertise, serving similar mid-market and niche commercial clients through carrier representation.
• IMA Financial Group: Large independent insurance and risk-management broker with multi-line commercial and personal offerings across the western U.S. — comparable in independent agency structure and multi-carrier distribution model.

Broad incumbents

• USI Insurance Services: Large national insurance brokerage and risk-advisory firm covering personal, commercial, and specialty lines across all 50 states — relevant as a larger scaled incumbent occupying the same market category with broader resources.
• HUB International: Major North American insurance brokerage with significant multi-line and specialty distribution, including broad Pacific Northwest presence — a broader incumbent competing directly for AIC-type client business.
• Arthur J. Gallagher & Co. Global insurance broker operating risk management, claims, and distribution across all major commercial and personal lines — a national incumbent comparable in broad scope to AIC's portfolio across both personal and commercial.
• Marsh & McLennan: Largest global insurance brokerage and risk-management firm, operating across every major commercial and specialty insurance vertical — adjacent incumbent serving some of the same North American personal and commercial customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/AICInsuranceAgencyRedmond
• LinkedInlinkedin.com/company/aic-insurance-agency-redmond

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AIC Insurance Agency