Opinion: Peter Blanc on the changing fees and commission landscape

Peter Blanc

There has been some commentary lately regarding broker commissions and in particular a high profile falling out between an insurer and a broker which apparently has been caused by commission demands. As ever, this prompts discussion about the whole concept of commission as a mechanism for remunerating brokers. Is there a problem here? Does this remuneration system still work?

For the vast majority of day-to-day small insurance broking arrangements the commission model works perfectly well.


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