NIPR RELEASES 2020 ANNUAL REPORT
Published Wednesday, Mar 17, 2021
KANSAS CITY, MO – The National Insurance Producer Registry (NIPR) released its 2020 Annual Report, which contains its 2020 audited financial results. NIPR had another year of strong growth for NIPR's products.
"Despite the challenges related to the COVID-19 pandemic, NIPR saw another year of growth in service to insurance producers, compliance professionals and state insurance regulators,” said Karen Stakem Hornig, CEO of NIPR. “NIPR’s team members served the largest number of producers in its history. Our team is to be commended for their dedication and professionalism during a of time of extraordinary challenge.”
Some key highlights of the 2020 NIPR Annual Report include:
- 38 million credentialing and report transactions, a year-over-year increase of 5.2 percent.
- $47.9 million in revenue, representing a 5.7 percent increase from 2019.
- $969 million in fees moved by NIPR to departments of insurance, which is a 14 percent increase.
- Over 7.65 million records in the Producer Database representing a 4 percent increase from 2019.
Our growth in service and efficiency in a very challenging year has continued to allow us to provide technological excellence and exceptional customer service to our members.
NIPR is a not-for-profit technology company with the goal of streamlining the producer licensing process. Governed by a Board of Directors representing state insurance regulators and members of the insurance industry, NIPR is an affiliate of the National Association of Insurance Commissioners. To learn more, visit NIPR.com.