MIAMI LAKES, Fla., November 30, 2022--(BUSINESS WIRE)--NSI Insurance Group is part of an elite group of independent insurance agencies around the United States selected to participate in the Independent Insurance Agents & Brokers of America (IIABA or the Big "I") "Best Practices" Study Group based on overall excellence.
Despite more than 2,600 independent agencies throughout the U.S. being nominated to take part in the annual study, only 282 were selected after an intense review of their qualifications. In Florida, only 14 were chosen with NSI Insurance Group being the only agency to earn the distinction for seven consecutive years.
NSI Insurance Group was one of the few agencies selected based on its outstanding management and financial achievement in income and expense distribution, revenue and profitability growth, sales and service staff compensation and productivity, investment in technology, and carrier representation. Additional metrics included organic growth, profitability as a percentage of revenues, sales velocity not premium growth lift, mergers and acquisitions, and producer recruitment and development.
"When it comes to insurance, many people think it’s all the same," said Oscar Seikaly, CEO of NSI Insurance Group. "Until they either have an unbelievably frustrating experience or a surprisingly pleasant one. I’m happy to say that our team is focused on delivering the latter. As a result, we’re able to focus on efficiency rather than putting out fires. To be recognized for our operational and financial efficiency and held up as an example for other agencies to follow is a very high honor. It is also proof that our commitment to service has its rewards."
The agencies comprising the study groups are selected every third year and retain their "Best Practices" status during the three-year cycle by submitting extensive financial and operational data for review each year.
About the Independent Insurance Agents & Brokers of America
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 NSI Insurance Group
NSI Insurance Group is a home-grown insurance agency that has been in operation since 1958. As one of the largest independent insurance agencies in the state, NSI has forged partnerships with premier insurance carriers nationwide and developed the in-house expertise to meet even the most complex insurance needs. NSI is the only agency in Florida to have been designated as a Best Practices Agency for seven consecutive years by the Independent Insurance Agents & Brokers of America, Inc. This prestigious distinction was given in recognition of NSI’s financial stability, expense management, sales and operations productivity, and customer satisfaction.
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Oscar Seikaly, LUTCF, AAI, AIS, AINS, CPIA, CMIP, CPRIA, CAPI, ACPRIA
Chief Executive Officer