The Progressive Group of Insurance Companies (Progressive) is one of the most popular insurance brands companies in the Uinted States. The insurance juggernaut claims to be the third largest auto insurer and therefore the favorite motorcycle/specialty RV insurer within the country. Progressive rubs shoulders with firms or customers like Allstate, GEICO, and Farmers Insurance Group, and writes quite 13 million auto policies per annum .Though best known for driving innovation within the personal auto market, Progressive also writes commercial auto and variety of other personal lines risks, including homeowners’ insurance. The firm sells insurance on to the buyer or via independent agents. Progressive’s Agency business or company sells through quite 30,000 independent insurance agencies across the US.
Progressive Insurance: through history
Progressive was born on March 10, 1937, when Joseph Lewis and Jack Green found out Progressive Mutual insurance firm to supply vehicle owners with security and protection. The pair were both lawyers and thought starting an insurance firm could be an honest investment. Fast forward 80 years and their bet seems to possess paid off.True to its name, Progressive is all about finding innovative ways to enhance the car insurance industry. It became the primary car insurer to supply drive-in claims service, and later the primary company to permit clients to pay premiums in installments as against annual payments.In the 1950s, successful growth prompted a move to fresh offices in downtown Cleveland. Following the death of Joseph Lewis in 1955, Jack Green became Progressive CEO and Joseph’s son Peter began the beginning of a fruitful career with the firm. He immediately searched for ways to further differentiate Progressive within the marketplace. His efforts led to the establishment of Progressive Casualty Company in 1956, a unit formed to write down auto insurance for high-risk drivers.Further growth and expansion within the early 1960s resulted within the formation of The Progressive Corporation in 1965. Peter Lewis was named CEO within the same year, and he held the highest position for 35-years until Glenn Renwick took over in 2000. Renwick was succeeded by current CEO and president Tricia Griffith in 2016.
Progressive Insurance: embracing the web
Progressive was the primary major auto insurer within the world to launch an internet site . during a revolutionary move, the location was born in 1995, and by 1996 consumers could obtain comparison rates online. only one year later, consumers were ready to buy Progressive auto insurance policies online in real time.In 2018, the insurer now features a thriving direct-to-consumer business, which is supported by variety of 24/7 digital tools, including: online policy service and management, online claims reporting, rate ticker (a comparison tool), independent agent locator, chatbots, and a moment quoting service.
Progressive Insurance: product lines
Progressive is best known for its auto insurance products, but the firm offers solutions for a huge range of private and commercial risks. Its impressive book includes, but isn’t limited to: automobile insurance , condo insurance, boat insurance, pet insurance, home insurance, RV insurance, renters’ insurance, motorcycle insurance, life assurance , commercial insurance, and insurance bundles.
Progressive Insurance: distribution method
Progressive has been building solid partnerships with the independent agent channel for quite 75 years. The firm claims to be the first one writer of auto insurance policies through independent insurance agents. In 2018, Progressive works with approximately 38,000 agents and brokers from thousands of agencies across the US.
Despite supporting the independent agent channel, Progressive has never been one to keep faraway from innovation. The insurer offers variety of direct purchase options and programs to satisfy evolving customer needs.
What is Progressive trying to find during a new independent agent partner?
Information shared on Progressive’s website states: “You got to have workplace license in good standing with the Department of Insurance within the state where you propose to write down business, a lively agency P&C Errors & Omissions policy with minimum aggregate limits of $300,000. Also, during this process we’ll also conduct a criminal background check on your agency – it’s how we ensure every Progressive customer has the simplest experience possible.”
Who is Flo?
Anyone within the US with a television has likely seen Flo selling Progressive insurance on their screens at some point within the past decade. Since 2008, the fictional salesperson has featured in additional than 100 television commercials for the insurance giant. She’s referred to as a particularly enthusiastic and helpful insurance salesperson, recognized for her upbeat personality, heavy makeup, and retro hairstyle. Flo is additionally popular on social media, amassing many likes on her Facebook page and lots of followers on Twitter.
