St. Petersburg, FL – W3 Insurance is part of an elite group of independent insurance agencies named to the Independent Insurance Agents & Brokers of America (IIABA) Study Group. 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.
More than 1,300 independent agencies throughout the U.S. were nominated to take part in the annual study; only 267 agencies qualified for the honor. To be chosen, the agency had to be among the top-performing agencies in one of six revenue categories. The agency was nominated by either a Big “I” affiliated state association or an insurance company and qualified based on its operational excellence.
“W3’s inclusion in this study demonstrates our commitment to all aspects of company excellence,” says Jonathan Hammond, W3’s chief operations officer. “To be examined as an agency model is testament that we perform at a consistently high level worthy of emulation.”
Each year since 1993, IIABA and Reagan Consulting, an Atlanta-based management consulting firm, have joined 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 selected Best Practices Agencies retain their status during the three-year cycle by submitting extensive financial and operational data annually for review.
W3 Insurance was founded in 1925 and offers Commercial, Employee Benefits, Personal, Marine & Life Insurance products as well as Risk Services Consulting.
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.independentagent.com.