Insurance Business America recognizes the country’s fastest-growing brokerages in 2024

Insurance Business America recognizes the country’s fastest-growing brokerages in 2024 | Insurance Business America

Insurance News

Insurance Business America recognizes the country’s fastest-growing brokerages in 2024

Firms recognized for demonstrating significant growth amid challenging market conditions

Insurance News

By
Roxanne Libatique

Insurance Business America (IBA) has officially recognized several brokerages in its Fast Brokerages 2024 list, highlighting firms that have demonstrated significant growth despite challenging market conditions.

The list celebrates those brokerages that have not only adapted to the changing environment but have also managed to significantly increase their revenues.

Selection process for the 2024 Fast Brokerages awards

IBA opened submissions for its Fast Brokerages awards in January 2024, aiming to identify brokerages that have thrived during volatile periods.

The selection process involved brokerages submitting their total revenue figures for the 2022 and 2023 calendar years, along with other significant growth achievements. The research team reviewed these submissions to pinpoint which firms showed exceptional growth.

To qualify for the 2024 Fast Brokerages awards, brokerages had to report a revenue increase of more than 15%.

This year’s fastest-growing insurance brokerages in the US

Among the noted winners are

Each of these firms has managed to excel by refining their business models and introducing innovative strategies, contributing to their standout performance in revenue growth.

These awards not only reflect the resilience and innovative capabilities of the winning firms but also set a benchmark for success in the brokerage industry during unpredictable times. See the rest of the list of winners by reading the IBA Fast Brokerages 2024 special report.