Scott Insurance Named a Best Practices Agency for 2023

Scott Insurance has again been named a Best Practices Agency by the Independent Insurance Agents & Brokers of America (IIABA).

Due to the agency’s ongoing operational excellence and industry leadership, Scott Insurance is the only agency in the U.S. to receive the Best Practices designation for 30 consecutive years since the program was established in 1993. This annual study of elite independent insurance agencies throughout the United States is a joint initiative of Reagan Consulting and IIABA. The study compiles benchmarking data on the key metrics of agency performance and value, including revenue growth and profitability, financial stability, expense management, and sales and operations productivity.

Only the highest-performing firms earn the prestigious “Best Practices Agency” status.  For 2023, only 287 agencies out of over 2,600 agencies received the designation.

About IIABA

Founded in 1896, Independent Insurance Agents & Brokers of America, Inc., 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.

About Regan Consulting

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.