Zimny Insurance Agency is proud to announce they have been selected to be part of an elite group of independent insurance agencies around the United States participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) “Best Practices” Study Group.
Only 282 independent agencies throughout the U.S. qualified for inclusion in the 2022 Best Practices Study. An IIABA-affiliated state association or an insurance company must first nominate the agency which then must qualify based on outstanding customer retention, growth, stability, and financial management.
The purpose of the Best Practices Study is to compile the operating statistics of the country’s leading agents and brokers. To achieve this objective, the agencies included in the annual Study must first be nominated for participation by an insurance carrier or an IIABA state affiliated association. The agency must then submit detailed financial and operational information which is analyzed, scored, and ranked objectively for inclusion in the study, based on operational excellence, including growth, profitability, productivity and financial stability.
To retain the Best Practices agency status, we must submit our year-end results for review each year. Every third year, when new agency nominations are accepted, we must re-qualify as one of the top performers in our revenue category. A new study cycle starts in 2025 and we will be competing against new agency participants.
Participation in the Best Practices Study has become a prestigious recognition of the superior accomplishments of the top insurance agencies in each of the six revenue size categories studied.
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.
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.
