Mutual Insurance Companies Association of Indiana

What Mutual Insurance Companies Association of Indiana does

MICAI (Mutual Insurance Companies Association of Indiana, Inc.) is a private non-profit trade association founded in 1897 in the office of former Indiana Governor James A. Mount and headquartered at 8888 Keystone Crossing, 9th Floor, Indianapolis, IN. It serves mutual property and casualty insurance companies operating in Indiana, including farm mutuals, by advocating on their behalf before the Indiana General Assembly and the Indiana Department of Insurance, providing regulatory guidance, delivering continuing education programming (24 hours of agent CE credit available in 2025 through both virtual and in-person events), and operating member-only discussion forums and networking events.

The association's core products are membership-based: Regular Membership for mutual insurers, with dues tiered by each member's gross written premiums across brackets from $0-500K up to over $10M; Associate Membership priced at $500 annually for service providers such as technology vendors, reinsurers, and claims companies; and the Allies of MICAI corporate sponsorship program with Diamond, Platinum, Gold, Silver, and General tiers that deliver visibility, event participation, and networking access. Underlying technology is limited to a standard ClubExpress association management platform hosting the website, member directory, event registration, forums, and dues processing.

MICAI's revenue model is entirely subscription-based and recurring, derived from Regular Member dues (GWP-scaled), Associate Member fees ($500/year), and tiered corporate sponsorships. The association also participates in NAMIC's Congressional Contact Program to extend member advocacy reach to federal legislators. It is governed by an elected Board of Directors drawn from member company leadership, with executive leadership consisting of an Executive Vice President (Rick S Pitts) and Assistant Director (Taralyn Gallahan). There is no parent company, no external equity ownership, and no disclosed financial figures.

Name

Mutual Insurance Companies Association of Indiana

Legal name

Mutual Insurance Companies Association of Indiana, Inc.

Website

https://micaindiana.org

Company type

Private

Founded year

1897

Operating status

Operating

Headcount range

11–50 employees

Short description

MICAI is a 128-year-old private non-profit trade association serving mutual property and casualty insurance companies in Indiana through advocacy, regulatory guidance, continuing education, and networking, funded by tiered membership dues and corporate sponsorships.

Ownership category

akta.pro rank

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Regular Membership Dues: Annual dues collected from regular member mutual insurance companies. Dues are calculated based on each member company's gross written premiums (GWP), with tiered brackets ranging from $0-500k GWP up to over $10 million GWP.
2. Associate Membership: Annual associate membership fee of $500 for companies seeking access to MICAI's network of mutual insurance professionals, including event discounts and directory listings.
3. Sponsorship/Allies Program: Corporate sponsors (Diamond, Platinum, Gold, Silver, and General tiers) contribute sponsorship fees in exchange for visibility at events, logo placement, and access to member network.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

The Mutual Insurance Companies Association of Indiana (MICAI) is a non-profit industry trade association serving mutual property and casualty insurance companies domiciled in Indiana. Founded in 1897, MICAI sells membership tiers (Regular and Associate) and sponsorships (Allies of MICAI), and delivers continuing education programs, legislative advocacy, member discussion forums, and networking events for the Indiana mutual insurance industry.

Product overview

MICAI (Mutual Insurance Companies Association of Indiana) is a membership-based trade association founded in 1897 that serves mutual property and casualty insurance companies in Indiana. The organization offers a single unified service model consisting of Regular Membership (tiered by gross written premiums), Associate Membership ($500/year for service providers), Continuing Education Programs (offering 24 hours of agent CE credits), the Allies of MICAI Sponsorship Program (with Diamond, Platinum, Gold, Silver, and General tiers), Advocacy and Government Relations representation, and Discussion Forums. These offerings work together to provide education, advocacy, networking, and regulatory guidance to the mutual insurance industry in Indiana.

Differentiator

Problem solved

Functional benefit

Products and services

• Regular Membership Regular Membership is the foundational tier of MICAI membership, available to mutual property and casualty insurance companies domiciled in Indiana. It includes access to legislative advocacy, continuing education, member discussion forums, and networking events, with annual dues set per individual member company representative.
• Associate Membership Associate Membership is offered to service-provider organizations and vendors serving the Indiana insurance industry. It provides access to MICAI's networking events, education programs, and discussion forums for industry partners that are not eligible for Regular Membership.
• Allies of MICAI Sponsorship Program The Allies of MICAI Sponsorship Program is a tiered sponsorship offering with five levels (Copper, Bronze, Silver, Gold, Platinum) for companies and organizations that wish to support MICAI and gain brand visibility with the Indiana mutual insurance community.
• Continuing Education Programs Continuing education programs are delivered by MICAI to provide Indiana-specific insurance education and professional development opportunities to staff of member insurance companies.
• Legislative and Regulatory Advocacy MICAI provides legislative and regulatory advocacy on behalf of its member mutual insurance companies before the Indiana General Assembly and the Indiana Department of Insurance, representing the unified voice of Indiana-domiciled mutual insurers.
• Member Discussion Forums Online discussion forums hosted by MICAI provide members with a venue for peer-to-peer conversation, industry questions, and shared insights among Indiana mutual insurance professionals.
• Networking Events In-person networking events hosted by MICAI provide members with opportunities to engage with peer Indiana mutual insurance companies, allied service providers, and association leadership.

Quantifiable outcome

• 24 hours of agent continuing education credit available in 2025 through events and partnerships

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered flagship, core and standard.

• Oakwood MutualflagshipOthersDiamond Sponsor of MICAI. Oakwood Mutual Insurance Company is a regular member company and board member organization serving on the Board of Directors (Terms Expiring February 2029: Landis Oertling).
• Farmers Mutual Insurance Company (St. Joseph Marshall)coreOthersPlatinum Sponsor of MICAI. Farmers Mutual Insurance Company of St. Joseph Marshall is a regular member company represented on the Board of Directors.
• Ferdinand Farmers Mutual Insurance CompanycoreOthersPlatinum Sponsor of MICAI. Amy Dilger from Ferdinand Farmers Mutual Insurance Company, Inc. serves on the Board of Directors (Terms Expiring February 2027).
• Echo GermancoreOthersPlatinum Sponsor of MICAI. Insurance-related service provider or company.
• Davis Claims ServicestandardOthersGold Sponsor of MICAI. Claims service provider serving the insurance industry.
• Farmers Mutual Insurance Company of Tipton CountystandardOthersGold Sponsor of MICAI. Regular member company with Brittney Scott serving on Board of Directors (Terms Expiring February 2029).
• IMT Software ServicesstandardTechnology or IntegrationSilver Sponsor of MICAI. Technology provider offering software services to insurance companies.
• BriteCorestandardTechnology or IntegrationSilver Sponsor of MICAI. Insurance software platform provider offering core policy, billing, and claims solutions.
• Grinnell MutualstandardOthersSilver Sponsor of MICAI. Reinsurance provider for mutual insurance companies.
• Guy CarpenterstandardOthersSilver Sponsor of MICAI. Global risk and reinsurance specialist firm.
• Nash Property ClaimsstandardOthersSilver Sponsor of MICAI. Property claims service provider.
• MSO (Medical Services Organization)standardOthersSilver Sponsor of MICAI. Service organization for insurance industry.
• Farmers Mutual NoblestandardOthersSilver Sponsor of MICAI. Regular member mutual insurance company.
• Wayne Insurance GroupstandardOthersSilver Sponsor of MICAI. Board member represented by Brian Dettmer (Terms Expiring February 2028).
• NAMIC (National Association of Mutual Insurance Companies)coreStrategic or Co-development PartnerMICAI participates in NAMIC's Congressional Contact Program, enabling members to virtually meet with national representatives and staff to ensure Hoosier farm mutual voices are heard in Washington.
• Indiana Department of InsuranceflagshipOthersGovernment agency before which MICAI represents member interests. MICAI provides regulatory guidance and acts as a resource for Indiana statute and regulatory requirements.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Property Casualty Insurers Association of America (PCI): Broader national trade association representing property-casualty insurers including stock and mutual carriers. Adjacent to MICAI's constituency but covers a wider portfolio and competes for advocacy attention at the federal level.

Direct peers

• Illinois Mutual Insurance Association: State-level mutual insurance association serving Illinois mutual carriers with advocacy, education, and member services analogous to MICAI's Indiana footprint. Note: domain is illustrative; the entity functions as a parallel state trade body.
• Michigan Association of Mutual Insurance Companies (MAMIC): Michigan state trade association for mutual insurers. Operates a parallel state-association structure to MICAI, advocating for member mutuals and providing continuing education and networking.
• Iowa Mutual Insurance Association: Iowa state-level association for mutual insurance companies. Provides comparable state-level advocacy, CE programming, and member networking services for Iowa mutual insurers, paralleling MICAI's Indiana model.
• Wisconsin Association of Mutual Insurance Companies (WAMIC): State-level trade association serving Wisconsin mutual insurers with the same advocacy, education, and networking model MICAI runs for Indiana. Closely comparable in scale, scope, and value proposition.
• National Association of Mutual Insurance Companies (NAMIC): National trade association for mutual insurance companies headquartered in Indianapolis. NAMIC operates as the federal-level counterpart to MICAI, and MICAI actively participates in NAMIC's Congressional Contact Program, evidencing a tiered, directly comparable advocacy model for the same mutual-insurer constituency.

Others

• National Association of Insurance Commissioners (NAIC): Regulatory body of U.S. state insurance commissioners. Not a trade association but a key counterpart MICAI engages with on Indiana Department of Insurance matters, and the closest federal infrastructure body relevant to MICAI's regulatory mission.
• Independent Insurance Agents & Brokers of America (Big 'I'): National association for independent insurance agents and brokers rather than mutual insurance companies. Operates a parallel industry-association model and competes for the same Indiana professionals' time and dues dollars as MICAI.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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

Frequently asked questions about Mutual Insurance Companies Association of Indiana