RIDGELAND — SouthGroup Insurance Services is part of an elite group of independent insurance agencies around the United States participating in the Independent Insurance Agents & Brokers of America (IIABA) “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 named a Best Practices agency once again,” says Ronnie Tubertini, SouthGroup president and CEO. “We believe it is not only indicative of our leadership position in the insurance industry, but it also demonstrates our continuing commitment to professional advice and counsel to our customers.”
More than 1,100 independent agencies throughout the U.S. were nominated to take part in the annual study, but only 216 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 agency was nominated by either an IIABA affiliated state association or an insurance company and qualified based on its operational excellence.
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.
SouthGroup is a 13-year-old agency with a 118-year history. It was created by a merger of 12 of Mississippi’s oldest and most respected agencies in 2002 and its origins date back to 1896. Today, SouthGroup has 22 offices across the state, and offers risk management services as well as insurance products from a number of different insurance companies.