Watkins Insurance Group, the largest full-service, locally owned independent insurance agency in Central Texas, 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.
“We are honored to have been a member of the Best Practices Study and to be grouped with such a respected collection of agency leaders,” said Patrick Watkins, Watkins Insurance Group President. “By being a Best Practices agency, we are able to share in the learning process for the benefit of all independent insurance agencies.”
More than 1,300 independent agencies throughout the U.S. were nominated to take part in the annual study, but 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 Best Practices Study was initiated by the Big “I” 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 highest performing agencies and urges others to adopt similar practices.
About Watkins Insurance Group
Founded in 1949, Watkins Insurance Group is now the largest and fastest-growing locally-owned independent insurance agency in Central Texas. Headquartered in Austin, Watkins Insurance Group has locations throughout Texas. The agency provides tailored insurance, employee benefit, and bond solutions for business and personal risks of all sizes.
About IIABA
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.