CIAB Welcomes New Members and Sponsors, Shaping the Future of Insurance

The Council of Insurance Agents & Brokers (CIAB) has bolstered its membership by adding three innovative companies just in time for its 113th annual Insurance Leadership Forum. This development underscores CIAB's influence and its role in shaping industry standards.

Bold Penguin, a subsidiary of American Family Insurance, impresses with its AI-driven platform, which expedites the commercial submission process across over 30 lines of business. Based in Dublin, Ohio, the company joins CIAB as a full member, marking a shift as carrier-backed entities typically participate in the Council Partners program. Meanwhile, Cogent, a Lloyd’s broker from London since 1986, enhances CIAB's reach into specialized markets like aviation and energy with its new leadership under CEO designate Adam Holberry. The Del Rio Group from Arizona, specializing in environmental risk management, further diversifies the council's expertise, contributing decades of experience under the NXUS Environmental Underwriters brand.

In conjunction with this membership expansion, key industry players are significantly investing in CIAB's growth. A range of companies, including MSIG USA and The Hartford, have elevated to the Diamond sponsor level, signaling their commitment to engaging with and shaping the future of the insurance industry. CIAB President and CEO Joel Wood welcomed these new members and heightened investments, highlighting CIAB's capacity for addressing specialized market needs while reinforcing its status, with member companies accounting for around 85% of U.S. commercial property and casualty premiums.

CIAB's Expansive Role

CIAB stands out as a pivotal body in the insurance industry, uniting diverse professionals and organizations to promote excellence and innovation. The new inductees and investments illustrate CIAB's persistent drive to accommodate evolving market demands through strategic partnerships and memberships.

New Membership and Sponsorship Tiers

• New Full Members: Bold Penguin, Cogent, The Del Rio Group
• Diamond Sponsors: MSIG USA, ReSource Pro, Verisk, The Hartford
• Platinum Sponsors: CRC Group, FM, Inigo, The Baldwin Group, Swiss Re, Zywave, McKinsey & Company

This concerted advancement of member companies into higher sponsorship tiers of CIAB reaffirms their commitment to collaboration and innovation in tackling industry-wide challenges. Through these efforts, CIAB remains at the forefront of shaping insurance industry practices and policies.