Independence American Insurance Company: A Comprehensive Guide

Independence American Insurance Company (IAIC) is a US-based insurance company that specializes in providing health, life, and specialty insurance products to individuals, families, and businesses. Founded in 2005, the company has since become one of the leading providers of insurance products in the country. In this article, we will provide a comprehensive overview of IAIC, including its history, products, and services.

Company History

IAIC was founded in 2005 as a subsidiary of the IHC Group, a publicly traded insurance holding company. The company was created to provide health and life insurance products specifically for individuals and families who were not covered under employer-sponsored plans. IAIC has since expanded its product offerings to include specialty insurance products for businesses as well.

The company is headquartered in Stamford, Connecticut, and has additional offices in Arizona, Indiana, and Utah. IAIC is licensed to operate in all 50 states and the District of Columbia.

Corporate Leadership

The leadership team at IAIC is comprised of experienced professionals in the insurance industry. The company’s CEO, Roy T. K. Thung, has over 40 years of experience in the insurance industry and has held various leadership positions at major insurance companies like AIG and Travelers.

The company’s president, Scott J. Sinder, is also a seasoned insurance professional and has served as the Chief Legal Officer for the Association of Bermuda Insurers and Reinsurers. The rest of the leadership team at IAIC is made up of experienced executives with backgrounds in underwriting, claims, and product development.

Products and Services

IAIC offers a wide range of insurance products to individuals, families, and businesses. Here are some of the company’s most popular products:

Health Insurance

IAIC offers a variety of health insurance products, including short-term health insurance, premier health insurance, and value health insurance. These products provide coverage for medical care, hospitalization, and prescription drugs, as well as other health-related expenses.

Short-term health insurance is designed for individuals who need temporary coverage for a limited period of time, such as recent graduates or those who are between jobs. Premier health insurance offers comprehensive coverage for individuals and families, while value health insurance provides lower-cost coverage for those who need it.

Life Insurance

IAIC offers both term life insurance and whole life insurance products. Term life insurance provides coverage for a specific period of time, while whole life insurance provides coverage for the insured’s entire life. These products can be customized to meet the needs of individual policyholders and their families.

Specialty Insurance

IAIC also offers a variety of specialty insurance products for businesses, including workers’ compensation insurance, general liability insurance, and commercial auto insurance. These products are designed to protect businesses from financial losses due to accidents, injuries, or other unforeseen events.

FAQs

Conclusion

Independence American Insurance Company has become a leading provider of insurance products in the US since its founding in 2005. The company’s commitment to providing affordable and customizable insurance products to individuals, families, and businesses has made it a popular choice for millions of customers across the country. By offering a wide range of health, life, and specialty insurance products, IAIC has become a one-stop-shop for all of its customers’ insurance needs.