Are enough brokers left to offer a healthy choice?
This month's Power Hour panel asks if consolidation in the broking market over the past few years has been a good thing from the point of view of competition in the market and the resultant quality product that is offered to their customers
Has consolidation in the broking market led to a sma-ller number of independent brokers being able to offer a lower level of choice to their customers?
David: I don't think it has. There are still a lot of brokers in the market place, and customers can tell a broker where to go to if they are not happy. No doubt the brokers themselves have a choice of what insurance companies they're going to deal with. Consolidation has been part of a long-run trend, because of the need to improve costs, the
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