Illinois Insurance Association

What Illinois Insurance Association does

Illinois Insurance Association (IIA) is a non-profit property/casualty insurance trade association founded around 1960 and headquartered at 217 East Monroe Street, Suite 110, Springfield, Illinois. The association represents member companies — primarily property, casualty, and surety insurers licensed in Illinois, plus subscriber-class trade associations and reinsurance companies — before the Illinois legislature, executive branch, and media, with the stated mission of preserving and enhancing a positive legislative and regulatory insurance climate. It has operated for more than 60 years and maintains a small staff (3-5 personnel, including Executive Director Kevin J. Martin and Business Manager Karen L. Nation).

IIA's core offerings are two membership tiers: Full Membership, available to P&C/surety insurers with voting rights and committee participation (assessments based on each member's direct written premiums posted with the Illinois Department of Insurance), and Subscriber Membership, priced at $7,500/year for trade associations and $5,000/year for reinsurers and other entities (no voting rights). Beyond membership, IIA delivers government-relations services (legislative tracking, Illinois General Assembly lobby work, regulatory engagement, Governor action reports, a Political Action Committee), member services (weekly newsletters, conference calls, networking meetings with legislators), and public outreach (the IIA Blog, news releases, letters to the editor, op-eds, the Insurance Hotline at 1-800-444-3338, and the co-sponsored Insurance Industry Economic Impact Study).

The business model is subscription/assessment-based, member-funded, with no equity backers, acquisitions, or parent company. The technology platform is a conventional website (illinoisinsurance.org) featuring a members-only portal, event calendar, and media center; no AI, mobile app, or proprietary technology layer is present. Go-to-market is sales-led and event-driven, relying on direct outreach to insurance companies and recurring networking events (legislative receptions, golf outings, lobby day) to recruit and engage members across Illinois.

Name

Illinois Insurance Association

Legal name

Illinois Insurance Association

Website

https://illinoisinsurance.org

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

1–10 employees

Short description

Illinois Insurance Association is a non-profit property/casualty insurance trade association founded circa 1960 in Springfield, Illinois, representing P&C/surety insurers and subscriber trade associations before the Illinois legislature, executive branch, and media through membership assessments, legislative advocacy, and member networking.

Ownership category

akta.pro rank

Headquarters

HQ city

Springfield

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. Full Membership Assessments: Full membership assessments are based on property and casualty direct written premiums posted by the Illinois Department of Insurance for the year closest to when membership is sought. This is a variable revenue stream based on member company premium volume.
2. Subscriber Membership Fees: Fixed annual fees for subscribers including trade associations ($7,500/year) and reinsurance companies/other organizations ($5,000/year). These are standard annual subscription fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels8 records

Core offering

The Illinois Insurance Association is a property/casualty insurance trade association that sells Full Memberships (with voting rights) to P&C/surety insurers licensed in Illinois and Subscriber Memberships (non-voting) to trade associations, reinsurance companies, and related firms. Its core services are legislative advocacy before the Illinois General Assembly, regulatory engagement with state agencies, networking events with legislators, weekly newsletters, and educational outreach such as the Illinois Insurance Hotline.

Product overview

Illinois Insurance Association (IIA) is a property/casualty insurance trade association that has served the Illinois insurance industry for over 60 years. The association offers two primary membership types: Full Membership for property, casualty, or surety insurance companies, and Subscriber Membership for trade associations and reinsurance companies. Member benefits include Government Relations services (legislative tracking, Illinois General Assembly lobby work, regulatory engagement), Member Services (conference calls, networking meetings, weekly newsletters), and Public Outreach (media statements, insurance education). The association also operates the Illinois Insurance Hotline as a consumer resource and publishes the Insurance Industry Economic Impact Study.

Differentiator

Problem solved

Functional benefit

Products and services

• Full Membership Full Membership is restricted to property, casualty, or surety insurance companies licensed to do business in Illinois. Members receive one vote on the IIA Board of Directors, eligibility to chair or participate on IIA committees, and access to government relations services, legislative tracking, Illinois General Assembly lobbying, regulatory engagement, weekly newsletters, and networking events. Pricing is variable, based on each member's property and casualty direct written premiums as reported to the Illinois Department of Insurance.
• Subscriber Membership
• Illinois Insurance Hotline Industry-sponsored consumer resource reachable at 1-800-444-3338 ([email protected]) that provides Illinois consumers with help on insurance-related questions and education materials on various insurance topics.
• Insurance Industry Economic Impact Study

Quantifiable outcome

• 2017: Illinois ranked #1 nationally in P&C premiums ($113B) and #1 in overall premiums ($183B)
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Katie School of Insurance at Illinois State UniversitycoreStrategic or Co-development Partner · 1 January 2019Conducted the 2019 Insurance Industry Economic Impact Study. The study demonstrated the statewide economic impact of Illinois' insurance industry, showing Illinois as #1 in nation for P&C premiums ($113B) and overall premiums ($183B).
• Independent Insurance Agents of IllinoiscoreStrategic or Co-development Partner · 1 January 2019Jointly released the 2019 Insurance Industry Economic Impact Study. Co-sponsored the study along with IIA, NAIFA, and Illinois State Association of Health Underwriters.
• NAIFA (National Association of Insurance and Financial Advisors)coreStrategic or Co-development Partner · 1 January 2019Jointly released the 2019 Insurance Industry Economic Impact Study. Co-sponsored the study along with Independent Insurance Agents of Illinois, IIA, and Illinois State Association of Health Underwriters.
• Illinois State Association of Health UnderwriterscoreStrategic or Co-development Partner · 1 January 2019Jointly released the 2019 Insurance Industry Economic Impact Study. Co-sponsored the study along with Independent Insurance Agents of Illinois, NAIFA, and IIA.
• AAAminorGTM or Marketing Partner · 1 January 2018IIA partnered with AAA and the Illinois Association of Chiefs of Police to pass a resolution declaring April 24-28 Distracted Driving Week in Illinois.
• Illinois Association of Chiefs of PoliceminorGTM or Marketing Partner · 1 January 2018IIA partnered with AAA and the Illinois Association of Chiefs of Police to support distracted driving awareness initiatives and enforcement.

Scale indicators10 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Property Casualty Insurers Association of America (PCI): National trade association representing property/casualty insurers at the federal level. Comparable to IIA as both advocate for P&C insurers on legislative and regulatory issues, though PCI operates nationally while IIA focuses on Illinois.
• American Insurance Association: National trade association representing major property/casualty insurance companies. Comparable to IIA as both advocate for P&C insurer interests on legislative and regulatory matters, though AIA operates federally while IIA focuses on Illinois.
• National Association of Mutual Insurance Companies (NAMIC): National trade association for mutual insurance companies. Comparable to IIA as both advocate for member insurers on legislative/regulatory matters, but NAMIC is a larger, national organization focused specifically on mutual insurers.

Direct peers

• Insurance Information Institute: National insurance industry communications organization providing consumer education and media resources. Comparable to IIA as both conduct consumer education, media outreach, and industry advocacy on insurance topics.
• Independent Insurance Agents of Illinois: State-level insurance trade association for independent insurance agents in Illinois. Directly comparable to IIA as both are Illinois-based insurance trade associations with overlapping memberships and co-sponsored the 2019 Economic Impact Study.
• Reinsurance Association of America: National trade association representing reinsurance companies in the U.S. Comparable to IIA as both serve the insurance industry through legislative advocacy, with overlapping membership of reinsurance companies in their subscriber categories.
• Council of Insurance Agents & Brokers: National trade association for commercial insurance brokers and agents. Comparable to IIA as both represent insurance intermediaries and companies through advocacy, education, and member services.
• National Association of Insurance and Financial Advisors (NAIFA): National trade association for insurance and financial advisors with Illinois state chapters. Comparable to IIA as both serve the insurance distribution industry through advocacy, networking, and member services, and jointly released the 2019 Illinois Economic Impact Study.
• Illinois State Association of Health Underwriters: Illinois state chapter of the National Association of Health Underwriters, focused on health insurance advocacy. Comparable to IIA as a state-level insurance trade association engaging in legislative advocacy and co-sponsored the 2019 Illinois Economic Impact Study.

Others

• National Association of Insurance Commissioners (NAIC): National organization of state insurance regulators. Comparable to IIA only as an insurance industry stakeholder that IIA engages with on regulatory matters, not as a trade association peer.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/illinoisinsuranceassociation

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Illinois Insurance Association