Market Research Report: Mountain Empire Agency Alliance (MEAA)
Company Overview
Name and Mission of the Company
Company Name: Mountain Empire Agency Alliance (MEAA)
Mission: "Being independent doesn't have to mean being alone."
Establishment Details
Founded: 2009
Founder: Keith Sims
Key People in the Company
- Co-President/CEO: Aaron Sims
- Email: asims@meaa4u.com
- Phone: 423-765-9847
- Co-President/CEO: Aaron Hammons
- Email: ahammons@meaa4u.com
- Phone: 423-765-9852
Headquarters
Location:
1524 Bridgewater Ln #102, Kingsport, TN 37660
Employees
No information is available
Revenue
Revenue: MEAA contributes over $450 million in premium volume annually to SIAA's $10.8 billion in total premium.
Company Recognition
Known For:
- Being one of the largest, fastest-growing, and most successful SIAA Master Agencies in the country.
- Operating in Tennessee, Western NC, and North Central VA with over 140 member agencies.
- Supporting independent insurance agencies to grow and gain stability through an extensive network and advantages.
Products
Product Offerings
Key Services:
1. Agency Development
- MEAA provides coaching on running agencies, identifying growth opportunities, and overcoming obstacles. This support is extended through a dedicated team of seasoned development specialists.
2. Carrier Access
- MEAA connects member agencies to top insurance carriers with reduced requirements and direct codes through SIAA’s Access Plus Program.
3. Increased Revenue
- Members earn revenue through top-level commissions, quarterly overrides, profit-sharing, and growth bonuses, starting from the first dollar of premium written.
4. Stability
- By joining MEAA, agencies become part of an $8 billion organization, securing access to the highest commissions and profit shares. MEAA provides protection from market uncertainties like rate fluctuations and carrier exit strategies.
5. Foundation Program
- A turn-key program guiding agents to start their own agencies, addressing best practices, providing marketing assistance, and more.
Product Features
- Mentoring: Continuous access to mentoring and coaching irrespective of agency size.
- Extensive Carrier Network: Partnership with top-rated insurance companies, offering maximum compensation and benefits.
- Marketing and Growth Assistance: Acquisition consulting, technology partnerships, and staff training.
Recent Developments
Recent Company Developments
- Growth: MEAA continues to experience explosive growth within its designated territory, contributing significantly to SIAA's overall performance.
- Annual Meetings and Networking Events:
- The MEAA Annual Meeting 2024 was held at the Meadowview Conference Center in Kingsport, TN, enhancing collaboration and sharing knowledge among members, carriers, and partners.
New Products Launched
No information is available
New Features Added to Existing Products
No information is available
New Partnerships
- MEAA/SIAA have maintained and expanded their partnerships with numerous national, regional, and wholesale insurance carriers, ensuring broad access to markets for their member agencies. These partners must meet stringent criteria, including high AM Best ratings and top compensation offers.
Conclusion
Mountain Empire Agency Alliance (MEAA) has established itself as a powerful entity in the insurance sector, offering extensive support and growth opportunities to independent insurance agencies. With a historical foundation that dates back to 1914 and a clear mission to provide stability and growth, MEAA continues to thrive under strategic leadership, dedicated coaching, and robust carrier partnerships.
