Each fall, I get the opportunity to share the results of the FAIA Member Services utilization bonus program; it’s truly one of my favorite times of the year! In 2020, we are returning over $200,000 in bonus awards to FAIA member agencies that qualify by simply taking advantage of the many helpful products and services offered by FMS. This year, 495 agencies qualified to earn a utilization bonus ranging between $300–$800.
So, exactly how does the FMS utilization bonus program work? Each September, we begin tracking the usage of products and services offered by the preferred partners of FMS. For each product or service a member agency uses, points are earned. The more products and services you use, the more points you earn. More points equals more bonus dollars!
Over the last 10 years, FMS has awarded more than $1.9 million in utilization bonus money to FAIA members. It’s just another one of the many ways FAIA membership pays you back and, while it’s my personal favorite, it’s certainly not the only one.
FMS also continues to expand its market access programs like RLI, Old Dominion, Independent Market Solutions (IMS), and Big I Markets (BIM), and that simply means FAIA members are earning a lot more commission dollars! Over the past 10 years, these competitive programs have returned almost $100 million in commission income to agents while also rendering hundreds of direct appointments. Even better, by accessing these useful markets, an FAIA member moves one step closer to earning a utilization bonus!
Now that we’re in a new fiscal year, we’re starting to track for participation for the 2021 Utilization Bonus. Learn more about how you can qualify next year. Congratulations to all those member agencies that qualified in 2020! We look forward to your continued participation in the FMS program and services offerings!