Buyers want disclosure of brokers' commissions
Corporate insurance buyers believe brokers should be made to disclose their commission earnings fully and automatically when arranging cover, according to a recent survey. The report also found a widespread lack of understanding about the level and breadth of broker remuneration.
More than two thirds of clients believe they should know the total income their broker receives from placing and handling their company’s insurance requirements, according to the survey. CurrentlyOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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