Access Partners Insurance Services

Access Partners Insurance Services is a wholesale brokerage dedicated to connecting retail agents with exclusive insurance carriers and programs, ensuring competitive rates and efficient service. Access Partners Insurance Services operates as a wholesale brokerage, focusing on facilitating retail agents' access to competitive insurance options. Founded in 2014, the company is headquartered in Sacramento, US. In March 2020, Access Partners was acquired by Integrated Specialty Coverages, LLC, a portfolio company of Sightway Capital, with financial terms undisclosed.

The company has successfully completed one deal to date. Access Partners operates as a wholesale brokerage specializing in providing retail agents with access to exclusive insurance carriers and programs. The company's core offerings include a streamlined online rating platform that allows agents to efficiently submit and track their insurance submissions, ensuring a quick turnaround for quotes. Designed for retail agents across various industries, these services aim to address the need for competitive rates while maximizing commission levels.

Access Partners serves a diverse client base of retail agents looking for comprehensive coverage solutions, which encompass all lines of insurance, enabling them to meet the specific needs of their end customers. The company's operations extend across multiple geographical markets, including California and potentially neighboring states, focusing on enhancing the accessibility and efficiency of insurance services. Access Partners generates revenue primarily through commissions earned from successful policy placements facilitated by retail agents. The transaction structure operates as a B2B model, wherein retail agents submit their insurance applications through the company's platform and receive tailored quotes from various competitive carriers.

As a wholesaler, Access Partners benefits from the highest commission levels available in the market, enhancing its appeal to retail agents. Given the diverse range of insurance products offered, the revenue streams are influenced by the volume of transactions processed, with agents leveraging Access Partners’ technology to expedite the binding process for their clients' insurance needs. The firm’s focus on quick service and superior customer assistance further solidifies its position in the insurance brokerage landscape, encouraging ongoing partnerships and repeat business with retail agents. Access Partners plans to enhance its product offerings and explore expansion into new geographic markets by 2021.

The company aims to introduce additional insurance products tailored to the evolving needs of retail agents, while also targeting states adjacent to California for market penetration. The recent acquisition by Integrated Specialty Coverages, LLC in March 2020 is expected to provide the necessary resources and support to realize these growth initiatives.