Future One is the largest, and longest-standing, agent-company coalition in the country. For more than 25 years, Future One has brought the industry’s top stakeholders together for two critical purposes: industry research and government affairs.
Effective legislation and regulation comes from team-work— a philosophy that is the basis of Future One’s government affairs efforts. Future One is successful because it helps develop policy consensus on both national and state issues and works to secure legislation and regulations that are favorable for both agents and companies.
Recent topics of discussion and action during the group’s biannual meetings include Terrorism Risk Insurance Act (TRIA), the National Flood Insurance Program (NFIP), agent licensing reform, systemic risk/resolution authority, certificates of insurance, excess & surplus lines reform, and health care reform.
On the research side, Future One probes industry trends through the Agency Universe Study. This study is a comprehensive analysis conducted every two years that is the foremost authority on agency business issues. The study continues to provide information—much of it unavailable anywhere else—that is useful to independent agency principals, independent agency carriers and IIABA in its public information and education efforts.
When the first Agency Universe Study was conducted in 1983, it had two goals. The first was to collect benchmark measurements on the whole universe of independent property-casualty agencies in the United States, with the idea that these measurements would be made periodically, and thus would show changes in the independent agency system. The second goal was to gauge agents’ attitudes and opinions on issues pertinent to the independent agency community. These two purposes remain integral to the study’s goals today.