Insurance Co-op Utilization Success Story - BrandMuscle
Insurance Co-op Utilization Success Story
October 13, 2020

Insurance Leader Grows Co-op Fund Usage and Increases Agent Investment in Marketing

Challenge

This insurance company originally came to BrandMuscle in need of a fund management platform that could handle the complexities of local marketing within the insurance industry. Co-op utilization and agent satisfaction were low because the approval and reimbursement process was long and frustrating. Further, they needed to mitigate risk association with legal compliance within agent advertising.

Solution

As a strategic partner for over 14 years, the client has thrived with BrandMuscle’s full-service team of local marketing experts. They have gained complete visibility into co-op usage and effectiveness, which empowers them to optimize investments, allocate resources toward top performing agents, and reduce out-of-pocket cost for agents. As a result, more agents have invested their own funds in marketing, which is a significant contributor to local marketing maturity and agent satisfaction.

Results

$13M+

funds managed annually
97%

utilization rate
2951

active agents
10000+

local agent media buys delivered annually
61%

YOY growth In media spend
 

"Local advertising is an integral part of what we do as community leaders. Being able to leverage BrandMuscle’s platform and team for getting prices, choosing ads, and facilitating the process of using my co-op is a big help for me, as we all need extra capacity.” ​

BrandMuscle Client, Insurance Agent