HWP Insurance Blog

Howard W. Phillips Included in IIABA Best Practices Study

Posted by Howard W. Phillips Insurance & Company

Wed, Oct 01, 2014 @ 10:00 AM

BestPracticesAgency_2014Howard W. Phillips is proud to announce it has retained its status as part of an elite group of independent insurance agencies around the United States participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) “Best Practices” Study Group.

Each year since 1993, IIABA and Reagan Consulting, an Atlanta-based management consulting firm, 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 selected “Best Practices” agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year.  

Last year, which marked the start of a new three-year study cycle, more than 1,100 independent agencies throughout the U.S. were nominated to take part in the annual study, but only 217 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. 

The Best Practices Study was initiated by IIABA in 1993 as the foundation for efforts to improve agency 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.

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HWP Insurance is one of the largest privately owned independent insurance agencies in the Mid-Atlantic. Established as Howard W. Phillips & Company nearly 100 years ago in Washington, D.C. we are guided by the three basic tenets of our founding partners: respect, innovation and collaboration. Their spirit remains our compass in today’s dynamic business climate. Our reputation with highly-rated national and regional carriers allows us to offer the best coverage and price to our clients. Exceptionally trained, dedicated service teams with access to cutting-edge, industry technology enable us to continually monitor and adjust to the constantly changing risk environment that our clients face. These tangible factors coupled with our philosophy of being a collaborative and innovative business partner ensures that our clients’ expectations are always met. HWP Insurance’s commitment to fostering long-term relationships with our clients, employees and carriers makes us more than insurance agents, we are your business partner. “Expect more. Risk less."

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