ROCHESTER, NY--(Marketwired - July 20, 2016) - Paychex Insurance Agency, Inc., a wholly owned subsidiary of Paychex, Inc., moved up three spots from number 26 in 2015 to rank number 23 on Business Insurance magazine's 2016 list of the Top 100 Brokers of U.S. Business. In the agency's sixth appearance on the list, it once again ranks as one of the fastest growing agencies in the nation. In its annual list, Business Insurance, the leading trade magazine for the commercial insurance industry, ranks agents and brokers based on revenues generated by U.S.-based clients.
"We are honored to once again be recognized as one of the top U.S. insurance firms," said Kevin Hill, Paychex vice president of insurance and HR Solutions services. "This achievement is a reflection of our best-in-class agents who continue to create the most comprehensive and tailored solutions to meet the growing needs of business owners and their employees. It is also a testament to our unique business model and the ability to deliver value to our clients through the integration of insurance and payroll data that is unrivaled in our market space."
This Business Insurance listing showed the agency experienced year-over-year growth of over 24 percent. The increase was helped significantly by the continued expansion of the agency's health care reform support products, as well as sizable growth of the property and casualty side of the insurance business.
"Property and casualty continues to be an area of growth for us, but this past year saw our health care reform product offering experience significant growth," Hill added. "Offering adequate and affordable health insurance continues to be top-of-mind for businesses needing to comply with the employer shared responsibility provisions of the Affordable Care Act. As we move into another tax season, this will continue to be an area of focus for us with a goal of guiding businesses to understand and fulfill their ACA obligations."
Paychex Insurance Agency, serving approximately 120,000 clients, is a full-service agency offering flexible, scalable insurance solutions for business owners and their employees. Insurance services include:
The Paychex Insurance Agency focuses on meeting the needs of America's businesses and is uniquely positioned in the industry with the ability to use the latest technology to seamlessly integrate with Paychex payroll, significantly streamlining insurance administration. The agency currently works with more than 180 national and regional insurance carriers to design coverage that make business insurance more affordable.
To learn more about Paychex Insurance Agency, visit www.paychexinsurance.com.
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by 45 years of industry expertise, Paychex serves approximately 605,000 payroll clients across more than 100 locations and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting www.paychex.com, and stay connected on Twitter and LinkedIn.