Gannon Associates Insurance retains its Best Practices status, once again becoming a part of an elite group of independent insurance agencies around the United States. This status comes by participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Best Practices Study group.
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.
Since 1993, IIABA and Reagan Consulting, an Atlanta-based management consulting firm, have join forces to study the country’s leading agencies in six revenue categories. The agencies comprising the study groups are selected every third year through a comprehensive nomination and qualifying process and awarded a “Best Practices Agency” designation. The agency was nominated by either an IIABA affiliated state association or an insurance company and qualified based on its operational excellence.
The selected Best Practices agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year. This is the second year of the current three-year study cycle, where over 1500 independent agencies throughout the U.S. were nominated to take part in the annual study in 2016, but only 262 agencies qualified for the honor. To be chosen, the agency had to be among the 35-45 top-performing agencies in one of six revenue categories.
“By taking part in the Best Practices Evaluation, we are able to take a step back and understand our performance while comparing it to some of the best agencies in the marketplace. This allows us to challenge ourselves to be better and do better with respects to serving our customers and running our business effectively. It has been a privilege to be a Best Practices Agency as this association has given us the push to excel at a rate we never could have done on our own,” says Mark Gannon, Gannon Associates Insurance president and CEO.
The Gannon agency was founded in 1973 and can offer insurance products from a number of different companies including Selective, Safeco, Travelers and Nationwide. For further information, please contact Gannon Associates Insurance at (844) 426-6667.
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. Web address: www.independentagents.com.