Propeller Bonds Partners with National Association of Professional Insurance Agents

As a recommended surety and fidelity bond platform, Propeller will digitize surety bonds for PIA members.


Propeller, Inc. (Philadelphia), a digital MGA equipped with a proprietary instant issue surety bond platform, has announcedpartnership with the National Association of Professional Insurance Agents (PIA) as a recommended surety and fidelity bond platform.

Aaron Steffey, CEO and Co-Founder, Propeller.

“I’m excited for our company to be aligned with the PIA organization,” comments Aaron Steffey, co-founder and CEO, Propeller. “In my opinion, PIA is the leading trade association for insurance agents and brokers and will only continue to grow under the leadership of Mike Becker. It’s our privilege to be associated with PIA for surety and fidelity bonding to their membership. We look forward to a great partnership.”

Propeller offers agents a white-labeled URL that houses 7,000 surety bond obligations and allows agents and customers to quote, pay and receive their bonds within minutes. Beyond this, Propeller provides underwriting expertise via proprietary programs, making the solution a “bolt-on” surety department for agents, brokers and carriers who partner with Propeller.

PIA is a national organization supporting the growth and development of independent insurance agencies across the country. For decades, PIA has been known as “the education association,” offering a wide array of education and professional development through its nationwide network of state and regional affiliate associations.

Robert Holt, VP, Products and Services, PIA.

Digitizing How PIA Members Sell Surety Bonds

Through this partnership, Propeller and PIA say they will work together with PIA affiliates to modernize and digitize how PIA members sell surety bonds. The partnership will be rolled out to all PIA state members and their member agencies starting in May 2023.

“PIA is excited to expand our member offerings and support agents in growing competitive commissions and surety revenue,” comments Robert Holt, VP, Products and Services, PIA. “We look forward to a rewarding partnership with Propeller.”

InsurTech Startup Propeller Bonds Raises $6.4M in Seed Funding

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at or (503) 936-2803.

Leave a Comment