An insurance agency distributor at the pinnacle of insurance
JACKSONVILLE, FL, October 23, 2023 /PRNewswire/ — With the U.S. economy looking to grow stronger as 2023 winds down, a national insurance agency distributor is among the leaders of the surge, according to a new list by Yahoo! Finance.
After surpassing over one billion dollars in written premiums at the beginning of the year, Brightway Insurance is now ranked as the third most affordable franchise in the country, generating the highest profits.
Brightway Insurance ranked third in the Yahoo! Finance affordable and profitable list.
The Yahoo Finance Ranking, showcasing America’s best low-cost franchise options with the best returns, puts Brightway Insurance in third place overall and tops among its competitors.
“The ability to provide a blueprint for successfully starting and running a business is something that has made what we offer so attractive,” said Rick Fox, Chief Revenue Officer of Brightway Insurance. “We are currently operating in a difficult insurance market. If anyone is considering opening their own agency, it’s never been harder to do it yourself. However, our business model provides front and back-end support for all our agencies allowing them to concentrate on sales. It seems like it really matters.”
For more than 16 years, Brightway Insurance has played a central role in the insurance agency distribution market with the launch of more than 350 franchises in 35 states. In the past three years alone, Brightway Insurance has seen more than 60 percent growth in agency ownership nationwide.
The Yahoo! Finance the rankings are the latest in a long list of honors won in 2023 by Brightway. The franchisor rose to 12th on Insurance Journal’s “Top 20 Agency Partnerships.” 2023 Rankings, earning the industry publication distinction for 10th time in the poll’s 10-year history. Ranking 15th in 2021, 13th last year and now 12th in 2023, Brightway Insurance continues to earn accolades from all of the best programs in the industry. As one of the nation’s largest personal lines and small commercial insurance agencies, Brightway Insurance also appears in this year’s Entrepreneur Franchise 500® and The franchise is fast and serious list. This makes his sixth consecutive appearance on the annual Franchise 500® ranking and ninth appearance in the Franchise Times poll.
Brightway provides its agency owners with life-changing opportunities by handling carrier relationships and meetings, as well as providing licensing, onboarding, training and retention support. In addition, Brightway’s corporate office staff provides expertise and support in areas including customer service, accounting, marketing, technology and business analytics.
For more information about Brightway Insurance’s insurance industry accolades or its agency outreach efforts, email the Public Relations Manager Don Foley at [email protected].
About Brightway Insurance
Founded in 2008, Brightway has grown to become one of the largest privately held property/casualty insurance distribution companies in the US with more than 350 agencies in 35 states and over $1 billion in annual premiums. Recently, Brightway’s success led to private investment, which infused the company with financial and human capital and access to data and analytics to accelerate growth and deliver new and exciting market opportunities.
Brightway achieves win-win outcomes for agency owners and their clients by offering access to customized coverage solutions from a range of insurers combined with full back office and marketing support. This win-win model allows agents and manufacturers to focus on meeting the needs of their customers to become trusted advisors and grow their businesses.
Contact: Don FoleyBrightway Public Relations
telephone: 904.490.8649
Email: [email protected]
SOURCE Brightway Insurance