Executive Insurance Agency

What Executive Insurance Agency does

Executive Insurance Agency Inc. (EIA) is a privately held insurance agency established in 1980 and headquartered in Stockbridge, Georgia. The firm designs and distributes three specialized insurance products for financial institutions: Vendor Single Interest (VSI) blanket coverage that protects lenders against losses on collateralized consumer installment loan portfolios; Guaranteed Auto Protection Plus (GAPP), which covers deficiency balances on auto loans after a total loss; and the Mortgage Interest Insurance Program (MIIP), which insures residential, commercial, and mobile-home properties - occupied or vacant - where the lender holds a lien or has foreclosed but proper coverage is absent. The VSI program carries an endorsement from the Community Bankers Association of Georgia, and the GAPP program was approved by the Georgia Insurance Department, formalizing the regulatory and association-based credibility of the offering within the state.

The business model is sales-led and built on direct outreach to banks, credit unions, and other lenders across Georgia and the broader Southeast. Coverage is bound via phone or fax under master policies issued to the lending institution, with continuous or cancellable terms and monthly premium remittance; the agency earns commissions from underwriters for placing coverage rather than underwriting risk itself. Pricing is straightforward: MIIP uses published per-$100-of-coverage unit rates that vary by property type and occupancy, VSI pricing flexes with the institution's loss experience, and GAPP delivers up to $50,000 of gap waiver plus up to $1,000 of primary deductible coverage. EIA operates from a single Stockbridge address (P.O. Box 480) with a headcount of 1-10 and no proprietary technology platform, relying on in-house claims handling with 7-10 day appraisal turnaround as a service differentiator rather than digital automation.

Name

Executive Insurance Agency

Legal name

Executive Insurance Agency Inc.

Website

https://executiveinsuranceagency.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

1–10 employees

Short description

Executive Insurance Agency is a privately held Georgia-based insurance agency, founded in 1980, that designs and distributes VSI, GAPP, and MIIP collateral-protection insurance products to banks, credit unions, and lenders across the Southeast.

Ownership category

akta.pro rank

Product category

Lender collateral protection insurance

NAICS

Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro industry

PRIMARYFSAEADAJ

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

Keywords

• Vendor single interest insurance
• Guaranteed auto protection
• Mortgage interest insurance
• Lender collateral protection
• Financial institution insurance

Headquarters

HQ city

Stockbridge

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, Technology or R&D, Others

Revenue model

1. Insurance Premium Revenue: EIA acts as an insurance agency earning commissions from underwriting companies for placing coverage. The company receives premiums from financial institutions for VSI, GAPP, and MIIP products. Premiums are remitted monthly with coverage terms that can be continuous or cancellable.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Executive Insurance Agency sells three specialty insurance products to financial institutions: Vendor Single Interest (VSI) blanket insurance for lender collateral on consumer installment loans, Guaranteed Auto Protection Plus (GAPP) coverage for auto loan deficiency balances after total loss, and Mortgage Interest Insurance Program (MIIP) for properties with liens but absent insurance. The agency earns commissions from underwriting carriers and binds coverage under master policies issued directly to lenders.

Product overview

Executive Insurance Agency offers a portfolio of three specialized insurance products designed for financial institutions: Vendor Single Interest (VSI) protects lenders against collateral-related losses on consumer installment loans; Guaranteed Auto Protection Plus (GAPP) covers deficiency balances on auto loans following total losses; and Mortgage Interest Insurance Program (MIIP) insures properties with existing liens where proper insurance is absent. These products address specific risk exposures for lenders across consumer lending, automotive financing, and mortgage portfolios.

Differentiator

Problem solved

Functional benefit

Products and services

• Vendor Single Interest (VSI) Insurance Blanket Vendor Single Interest insurance that protects a lender's interest only in their collateralized consumer installment loan portfolio. Coverage includes All Risk Physical Damage, Security Agreement Non-Filing, Skip or Confiscation, Damage After Repossession, and a GAP/waiver of ACV settlement provision, with flexible inclusion of collateral types such as mobile homes, motorcycles, watercraft, RVs, personal property, machinery and equipment. Priced per $100 of coverage, with rates flexible based on the institution's loss experience and available for loans already on the books.
• Guaranteed Auto Protection Plus (GAPP) Insurance protection designed to protect both borrower and lender in the event of a total loss to an insured vehicle, when a balance remains after primary insurance settles on Actual Cash Value. Covers the deficiency balance of the principal up to a chosen limit (maximum $50,000 gap, up to $1,000 of primary insurance deductible), is offered to borrowers through a Loan/Lease GAPP Waiver Addendum, and requires no lender insurance licensing since coverage is between the lender and the underwriting company.
• Mortgage Interest Insurance Program (MIIP) Insurance program designed for financial institutions to cover residential or commercial properties—including mobile homes, on either occupied or vacant bases—where the institution holds a lien or has foreclosed but proper insurance does not exist. Coverage can be placed by a phone call or fax under a master policy, provided monthly or annually (with a certificate provided on annual coverage to satisfy examiners and auditors), and can be set as single interest (loan amount only) or dual interest (full property value), with commercial contents coverage available on occupied commercial property.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Community Bankers Association of Georgia (CBA of GA)coreChannel Partner/ Reseller/ DistributorCBA of GA has provided their endorsement to the VSI coverage and rate structure offered by Executive Insurance Agency. This endorsement indicates a strong local company providing the broadest protection available in the marketplace. The endorsement gives EIA credibility and access to member financial institutions throughout Georgia.

Scale indicators1 record

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Assurant: Assurant is a large specialty insurer with deep lender-relationship products including creditor insurance, GAP, and property protection solutions that compete in the same financial-institution risk space as EIA.
• MAPFRE Insurance: MAPFRE operates a U.S. property/casualty business with specialty lender- and credit-related insurance products, including creditor-placed coverage that directly overlaps with EIA's MIIP and VSI offerings.
• TruStage: TruStage (formerly CUNA Mutual) is a large, established insurance provider serving credit unions and financial cooperatives with a broad product portfolio that includes GAP and lending-related coverages competing in the same end-market as EIA.
• CUNA Mutual Group: CUNA Mutual Group is a major insurance and annuity carrier focused on credit unions, with products spanning lending-collision protection, debt protection, and collateral-related coverages that overlap with EIA's lender-protection offerings.
• QBE Insurance Group: QBE is a global specialty insurer that underwrites creditor/collateral protection and GAP-style coverages through bank and lender distribution channels, providing the underwriting capacity behind products like VSI and GAPP.

Direct peers

• Allied Solutions: Allied Solutions distributes insurance and lending-related products (including collateral protection and GAP) exclusively through banks, credit unions, and other lenders, closely mirroring EIA's distribution model and product mix.
• SWBC: SWBC provides insurance, lending, and financial services to financial institutions and lenders, including collateral protection and specialty insurance products, making it a directly comparable specialty insurance intermediary serving the same customer base as EIA.

Emerging players

• ICMG: ICMG (Insurance Claims Management Group) supports lenders with creditor-placed insurance and collateral claims services, intersecting with EIA's lender-focused insurance and in-house claims workflow.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Executive Insurance Agency