Consolidated retains its Best Practices status, once again becoming a part of an elite group of independent insurance agencies around the United States. This status comes by participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Best Practices Study Group. The annual survey and Study of leading independent insurance agencies documents the business practices of the “best” agencies and urges others to adopt similar practices.
This is the second year of the current three-year study cycle, where over 1500 independent agencies throughout the U.S. were nominated to take part in the annual study in 2016, 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 study compiles benchmarking data on the key metrics of agency performance and value including revenue growth and profitability, financial stability, expense management, and sales and operations productivity.
An announcement will also be included in the October issue of the Independent Agent magazine.
Consolidated is pleased to be recognized as a 2017 Best Practices Agency.
Thank you for your contribution to our shared success!
For more information regarding the Best Practices Study, please visit the IIABA and Reagan Consulting’s Best Practices Gateway website (http://www.reaganconsulting.com/research/best-practices/).