BFS Insurance Group has once again been named to an elite group of independent insurance agencies around the U.S. that participated in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) “Best Practices” Study Group.
Each year IIABA and Reagan Consulting, an Atlanta-based management consulting firm, jointly study the country’s leading agencies in various revenue groups. The named agencies are awarded a “Best Practices Agency” designation. The selected agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year.
“We are proud to continually earn our Best Practices Agency designation,” said David Fish, Managing Partner of BFS Insurance Group. “This is our tenth year in a row to be named to this incredible group and it’s always an honor.”
More than 1,100 independent agencies throughout the U.S. were nominated to take part in the annual study, but only 348 agencies qualified for the recognition. To be chosen, brokerages must be among the top-performing agencies (top 35-45) in one of six revenue groups. BFS Insurance Group and the other top performers were all nominated by either an IIABA-affiliated state association or an insurance company and were qualified based on operational excellence.
“This honor highlights our unwavering dedication to excellence and our commitment to our clients. Being part of the Independent Insurance Agents and Brokers of America Best Practices Study Group showcases our ongoing efforts to provide exceptional service and uphold the highest industry standards. This achievement is a testament to our team’s hard work, and we look forward to continuing to raise the bar in the years ahead.”
The Best Practices Study was initiated by IIABA in 1993. The annual survey and study of leading independent insurance agencies documents the business practices of the highest-performing agencies and urges others to adopt similar practices.
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 clients a choice of policies from a variety of insurance companies. Independent agents and brokers offer all lines of insurance as well as employee benefit plans and more.