The “Best Practices Agency” List Highlights an Elite National Group of Independent Insurance Agencies and Brokerages
The Partners Group, a leading Northwest based financial and insurance consulting firm, is pleased to announce it has again retained their spot on the “Best Practices Agency” list by Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) and Reagan Consulting. The Partners Group has been listed as a “Best Practices Agency” for 15 consecutive years.
IIABA and Reagan Consulting, an Atlanta-based management consulting firm, have been jointly running the “Best Practices” study since 1993. They evaluate the country’s leading agencies and brokerages in six revenue categories. This year concludes the three-year study cycle in which more than 1,100 independent agencies throughout the U.S. were nominated to take part in the annual study. Although participation required extensive time and effort, only 217 agencies qualified for the honor and acquired the “Best Practices” status. To be chosen, the agency had to be among the 35-45 top-performing agencies in one of six revenue categories. The selected agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year.
A key goal of the “Best Practices” study is to create opportunities for agencies to improve their performance. 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. According to Doreen Barnhouse, VP of Operations, “Being listed as a Best Practices Agency for 15 years is a recognition we value at The Partners Group. We continually aim to deliver the highest level of service to our customers as well as continually improve our operations and performance. We strive to be one of the top leaders in the industry, and this evaluation process is a big part of achieving operational excellence.”
The purpose of the research is to compile the operating statistics of the country’s leading agents and brokers. This is provided to the industry to provide benchmarks, operational information on growth, profitability, productivity and financial stability. Jake Shafer, CFO at The Partners Group said, “The Best Practices Study has helped The Partners Group to understand how we perform and measure up to top performing firms across the country, therefore validating our strategies and forming future strategies that will bring value to the marketplace.
About Independent Insurance Agents and Brokers of America, Inc.: Founded in 1896, the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) 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. Web address: www.independentagent.com.
About the Partners Group: Founded in 1981, The Partners Group has been serving the financial and insurance needs of employers, medical professionals, and successful individuals for over 30 years. We are an independent consulting firm with services including employee benefits, business consulting, retirement planning and investment services, commercial and individual insurance. The Partners Group has offices in Bellevue, WA; Portland, OR; Lake Oswego, OR; Bend, OR; and Bozeman, MT. For more information, please visit https://www.thepartnersgroup.com. 800-722-6339.