NIPR RELEASES 2021 ANNUAL REPORT
Published Monday, Apr 4, 2022
KANSAS CITY, MO – The National Insurance Producer Registry (NIPR) released its 2021 Annual Report, which continues the trend of record growth for NIPR's products.
"In 2021, we celebrated another year of record growth and a major milestone, NIPR’s 25th anniversary. As the central hub around which producer credentialing revolves, NIPR processed its highest transaction volume and revenue year with over $1 billion in state fees moved to Departments of Insurance helping to fulfill its mission of cost-effective, streamlined and uniform producer licensing,” said Karen Stakem Hornig, CEO of NIPR.
Some key highlights of the 2021 NIPR Annual Report include:
- 42.5 million credentialing and report transactions, a year-over year increase of 11.8%.
- $61.6 million in revenue, $13.6 million over 2020, representing a 29% increase.
- $1 billion in fees moved by NIPR to state Departments of Insurance, an increase of 13.5%.
- Over 7.9 million records in the Producer Database representing a 3% percent increase from 2020.
“Our growth and success are fueled by our people whose steadfast commitment to collaboration, adaptability and responsiveness has created an unparalleled culture of service to insurance producers, compliance professionals and state insurance regulators.”
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.