About Us

Our History and Key Milestones

The ABA insurance program began in 1987 as a joint venture between Progressive Insurance, American Bankers Professional & Fidelity Insurance Company (now known as ABMI), and the American Bankers Association as a resource for banks to obtain insurance coverage after the savings & loan crisis. In 2010, ABMI acquired full ownership of the program and formed ABA Insurance Services. In late 2018, ABAIS was acquired by American Financial Group and became a member of Great American Insurance Group.


Our small business group was formed in 2007, giving agents the ability to rate, quote, and bind Employment Practices Liability coverage online in a matter of minutes. Additional products were added, and the early online portal was dramatically retooled, culminating in the launch of ProCision in 2015. Today, the small business group offers a number of specialty coverage, including Cyber Liability, to small businesses and nonprofit organizations across the country.


1986American Bankers Professional and Fidelity Insurance Company Limited is founded.
1987The ABA insurance program begins operation.
1991ABMI declares its first distribution in the amount of $1 million. Total distributions declared now exceed $90 million.
2001Internet Banking Liability coverage is introduced.
2007The Small Business Group writes its first policy.
2010ABMI purchases Progressive’s share in the program and ABA Insurance Services is formed.
2013A Property & Casualty Package is introduced and included our product suite.
2015ProCision introduced as a way for agents in our Small Business Group to rate, quote, and bind online.
2018ABA Insurance Services acquired by American Financial Group.
2021A new version of abais.com is launched. Welcome to the new abais.com.