Originally published on March 23, 2025
Indianapolis, In.– The National Insurance Producer Registry (NIPR) released today their 2024 Annual Report and Financial Statements, reflecting a year of transformative growth.
As NIPR embarked on the first year of its three-year strategic plan, Shaping Our Future, 2024 saw milestones in revenue, transactional volume, product innovation, and internal development. The report highlights a record-high 138.4% increase in the number of transactions over the last 5 years.
“Last year, we surpassed our previous achievements across key benchmarks – from transactions processed, enhanced customer experience and technology and product innovation, to the development of our people strategy.” said NIPR CEO Karen Stakem Hornig. “As we continue to grow, the key to our success is that we never lose sight of our mission of providing cost-effective, streamlined, and uniform licensing and data compliance services for insurance professionals.”
Other areas of growth reported include:
- 138.5 million transactions, a 33.6% year-over-year increase.
- 8.9 million producer records in NIPR’s database, an increase of 2.4% over 2023.
- $1.37 billion processed on behalf of states and US territories, up 7% from 2023.
- The Customer Service team served the largest number of producers in its history.
These accomplishments position NIPR for continued success in the years ahead. As NIPR moves forward with its vision for the future, it remains committed to its position as the one trusted source for insurance licensing, data, and simplified compliance.