Schaumburg, Ill. (September 25, 2019) – Assurance, the 35th largest insurance brokerage in the U.S., has been recognized as a “Best Practices Agency” for the 10th consecutive year by the Independent Insurance Agents & Brokers of America (IIABA) and Reagan Consulting.
The “Best Practices Agency” study was developed in 1993 by the Independent Insurance Agents & Brokers of America (IIABA) and Reagan Consulting in their search for a comprehensive analysis of top-performing agencies of all sizes across the United States. The purpose of the study encourages agencies nationwide to implement and adopt similar “Best Practice Agency” processes.
This year more than 1,300 independent agencies were nominated to participate in the assessment, but only a limited number of agencies qualified. To be selected, organizations must be nominated by either an IIABA staff affiliated association or an insurance carrier. Then, organizations must be among the top-performing agencies that consistently execute operational excellence based on revenue growth, expense management, profitability, productivity, and financial stability.
“As we continue to grow and expand nationwide year over year, maintaining operational excellence is paramount to our current and future successes. We’re very proud and honored to be recognized as a “Best Practices Agency” by IIABA and Reagan Consulting for the past 10 years and counting," said Tony Chimino, chairman and CEO of Assurance.
For more than 20 years, the “Best Practices Agency” Study continues to provide crucial tools and measurements necessary for future industry growth. Qualifying as a “Best Practices Agency” has become a notable recognition for top agencies in the insurance space.
Assurance is the premier, national insurance brokerage for clients and industry professionals. In stark contrast to its peers, privately-owned Assurance takes an alternative approach to growth by investing an industry-leading percentage of its revenues back into the services clients need to improve their business. Assurance attracts and retains great insurance talent by rewarding expertise, investing in career development, and recognizing contributions. Its employees enjoy an award-winning culture that fosters a highly productive working environment where top professionals deliver outstanding client results. Assurance is now the 35th largest insurance broker of U.S. business. Visit Assurance at www.assuranceagency.com.
About Independent Insurance Agents & Brokers of America (IIABA)
Founded in 1896, IIABA is the nation’s oldest and largest national association of independent insurance agents and brokers, representing a network of more than 300,000 agents, brokers and their employees nationally. Its members are businesses that offer customers a choice of policies from a variety of insurance companies. Independent agents and brokers offer all lines of insurance – property, casualty, life and health – as well as employee benefit plans and retirement products. Visit IIABA at www.independentagent.com.
About Reagan Consulting
Reagan Consulting is a financial and management consulting firm specializing in services to the insurance distribution system. Clients include the leading brokers, agents and bank-insurance programs in the United States. They provide thought leadership to the banking and insurance industries through perennial research, seminars and other industry forums. Visit Reagan Consulting at www.reaganconsulting.com.