Posts, News|September 10, 2021
#1 Insurance Agency in the Country
We were recently recognized by Reagan Consulting as being the #1 Insurance Agency in the Country (Revenue Size: $10-$25M). This was achieved by having the highest overall scores for operational excellence, financial results and management achievement.
We've been fortunate to be recognized as a Best Practices Top Performer for the past 22 years.
The agencies comprising this study group are selected every third year through a comprehensive nomination and qualifying process and awarded a “Best Practices Agency” designation. The selected Best Practices Agencies retain their status during the three-year study cycle (2019-2022) by submitting extensive financial and operational data for review each year. During the 2021 Study year, only independent agencies throughout the U.S. qualified and retained their status as a Best Practices Agency, but only one Top Performer is chosen for each of the six revenue categories based on their performance metrics.
The selected Best Practices Agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year. This is the third year of the current three-year study cycle, where over 1,000 independent agencies throughout the U.S. were nominated to take part in the annual study in 2019, but only 262 agencies qualified for the honor. To be chosen, the agency had to be among the 35-45 top-performing agencies in one of six revenue categories.
The Best Practices Study was initiated by IIABA in 1993 as the foundation for efforts to improve agency performance. The annual Study of leading independent insurance agencies, which is conducted by the Big “I” and Reagan Consulting of Atlanta, GA, documents the business practices of these “best” agencies and urges others to adopt similar practices.
For more information on the Best Practices Study, contact Jennifer Becker at the Big “I”, 1-800-221-7917.
Founded in 1896, the Independent Insurance Agents & Brokers of America (the Big “I”) is the nation’s oldest and largest national association of independent insurance agents and brokers, representing more than 25,000 agency locations united under the Trusted Choice brand. Trusted Choice independent agents offer consumers all types of insurance—property, casualty, life, health, employee benefit plans and retirement products—from a variety of insurance companies.
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