Wells Insurance Awarded 2022 Best Practices Agency
WELLS INSURANCE INCLUDED IN THE BIG “I” AND REAGAN CONSULTING 2022 BEST PRACTICES STUDY
Wells Insurance has been selected once again 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.
The Wells Insurance Agency is a 4th generation family-owned agency, founded in 1920, offering a wide range of insurance products including Commercial, Personal, Marine and Employee Benefits services.
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. More than 2,600 agencies were nominated this year.
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.
Hundreds of workshops and seminars have been conducted at various producer association functions, company sponsored agency meetings and national automation users group conventions.
The Big “I” and Reagan Consulting jointly maintain the Best Practices Gateway website (2022 Best Practices) that provides previews of the annual Best Practices Studies and various Best Practices tools. The Gateway, as well as the annual Study, is made possible in part through the financial sponsorship of various insurance companies and industry organizations.
The 2022 Best Practices Study sponsors include: Amerisure, Applied, Central Insurance, EMC Insurance, First Insurance Funding, Foremost, A Farmers Insurance Company, The Hanover Insurance Group, The Hartford, Imperial PFS, InsurBanc, Liberty Mutual/Safeco Insurance, National General, an Allstate Company, Nationwide, Progressive, Sun Life, Travelers, Vertafore, Westfield, and Westfield Bank.
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.
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.
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