M3 Named IIABA Best Practices Agency for 2022
M3 Insurance has been named a Best Practices Agency by Independent Insurance Agents & Brokers of America (IIABA) for 2022.
This marks the 24th consecutive year that M3 has been selected as a Best Practices agency, ranking among the top performers in the annual Best Practices Study conducted by the IIABA in partnership with Reagan Consulting.
M3 is proud to have retained this title for over two decades. We strive to lead the way in the insurance industry with innovative strategies and solutions. This designation validates that aim and motivates us to continue to provide world class resources and individual attention to our clients.
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 that provides previews of the annual Best Practices Studies and various Best Practices tools.
About IIABA
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.
About Reagan 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.
About M3 Insurance
M3 is a top insurance broker and risk management firm in America. We’re leaders in the products we represent and the industries we serve. M3’s people are an extension of your team, providing world-class resources to help you manage risk, purchase insurance, and provide employee benefits. And our focus on community builds better places to live and work.
