Founded in 1977, Ironpeak is not only the original network, but also one of the largest independent agency networks.
Ironpeak has over 2,800 Member Agencies operating in 48 states.
Ironpeak Members wrote $3 billion in written premium through Ironpeak contracts in 2023, and over $500 million in new business. *
Premium with Ironpeak’s carrier partners in 2023 grew by 21.5% over the prior year, and Ironpeak had a 5-year compound growth rate of more than 15%.
Ironpeak’s premium mix is comprised of 57% in Commercial Lines and 43% in Personal Lines.
Ironpeak has 55+ regional managers countrywide with an average of 20+ years of experience in the insurance industry who serve as trusted advisors to our Member Agencies to help them drive profitable growth and strengthen their retention.
Ironpeak attracts high-quality agencies of all sizes – from $2 million to more than $200 million in premium.
* Unlike other networks, Ironpeak only measures the premium our Members write through carrier contracts.
Ironpeak’s revenue-sharing PartnerPlan® gives Members strong financial incentives to write more new business with core carrier partners. Members have the opportunity to participate in profit sharing with a minimum qualifying premium of $100,000 for most personal and commercial lines carriers, and are able to earn 100% of carrier profit sharing dollars dependent on growth and profit.
Ironpeak has a Preferred Member Agreement for larger agencies (i.e. over $15 million in annual premium). These preferred Members can earn higher commissions and more than 100% of their share of profit sharing if they are profitable and growing with our carriers.
Ironpeak doesn’t charge initiation fees or monthly dues. We make money only when our Member Agencies write with our carrier partners so we are highly motivated to create lasting relationships that build profitable books of business for all parties.
Ironpeak’s business model is so flexible that Ironpeak can custom tailor the markets, services, and benefits to meet each individual agent’s needs and maintain their independence.
Ironpeak does not interfere with a Member Agency’s existing carrier appointments.
Ironpeak helps Members increase revenue, profits and agency value by providing:
A trusted advisor to help them take their agency to the next level through market optimization and operational improvements as well as a source for insights on agency acquisition and perpetuation.
A framework to help optimize their market selection so they can write and retain more business that our carriers are seeking.
Excellent commission, profit sharing, and bonus opportunities that agents might not otherwise obtain, giving them an incentive to write more business with Ironpeak’s core carrier partners.
Direct access to select carrier partners** so they can build a productive and lasting relationship that will build long-term value for all parties.
**Ironpeak is not an MGA – agents work directly with the carriers, who approve all sub-code appointments.
Ironpeak’s highly partnered Member Agencies provide consistent, profitable growth to carrier partners while simultaneously building a stronger, more stable independent agency system.
For Ironpeak carriers, partnering with Ironpeak means:
Ironpeak helps build their distribution base more efficiently and cost-effectively.
Regional managers pre-screen Members for profitability, alignment with appetite, and the potential to consistently produce for a carrier — with carriers approving each new sub-coded Member Agency.
Regional managers work with carrier partners to ensure profitability, production and retention goals are achieved.
Regional managers are well-versed on each agency they manage and are committed to partnering with their carrier counterparts to deliver results.
Ironpeak’s revenue sharing PartnerPlan® gives Members strong financial incentives to write more new business with core carrier partners. Members have the opportunity to participate in profit sharing with a minimum qualifying level of $50,000 for personal lines and $100,000 for commercial lines of written premium with a given carrier and are able to earn 100% of carrier profit sharing dollars dependent on growth and profit.
Ironpeak can provide leads, marketing strategies, producer financing and training incentives to help Members grow their business with core carrier partners.
For Ironpeak Members, partnering with Ironpeak means:
Regional managers are integral, trusted advisors. The seasoned regional management team brings a wealth of knowledge in agency dealings and works with each Member to customize the Ironpeak markets, resources and services to best meet each Member’s needs.
Members retain their independence and identity with all policies reflecting the agency’s name on the Dec page.
Members earn superior compensation from Ironpeak carrier partners through higher monthly commissions, new business incentives and/or more profit sharing than most can earn on their own.
Members receive Best Practices information, strategies, and incentives from Ironpeak to improve their efficiency and profitability, but they decide which resources and strategies are best for their agency.
Assistance with Perpetuation planning.
$3 billion of written premium with a limited number of core carriers in profitable segments is powerful. Unlike brokers, networks, and aggregators that work with hundreds of insurance carriers, Ironpeak typically partners with no more than 25 core carriers in each region to focus on delivering business that each carrier wants. This focus on the core helps us develop stronger and more secure carrier relationships through building profitable books of business together and gives Ironpeak greater leverage in stimulating growth to those core carriers.
Core carriers are fully partnered with Ironpeak. They understand and appreciate our value proposition and are committed to growing with Ironpeak across as broad a geographical footprint as possible. Ironpeak ranks as a top producer for these carriers and they rank at or near the top for Ironpeak. Core carriers give our Members direct access via subcodes, provide platforms and resources for ease in doing business, and write business on a direct bill basis. Core carriers also provide Ironpeak with a predictable and motivational level of compensation that justifies the resources we provide on their behalf, and they share the profits that we generate equitably.
Ironpeak executes on its value proposition by driving profitable growth to the core carriers. Our 55+ field staff makes over 25,000 visits per year to Member Agencies for this primary purpose. The regional managers add well-vetted subcode appointments and grow them using new business incentives, book transfers and consolidations.
Over the last five years Ironpeak has grown at an average compound growth rate of 15% with its core carriers and produced loss ratios well below industry averages. New business reached a new high of more than $500 million in 2023.
