Viewpoint: The pros and cons of commission disclosure
Evolution Underwriting CEO Paul Upton evaluates the pros and cons of commission disclosure for large and small brokers as the transparency of the current model comes under scrutiny by professionals in the US and the UK as well as by the European Commission.
Commission disclosure is one of those topics that has been in and around the headlines in our area of the insurance industry for some years now. While it is an ever-present preoccupation, no one - apart from, it seems, Willis, with its well publicised zero-tolerance approach to contingent reward - is really saying anything very specific on the subject. But it is not hard to see why.
Many of the most successful business models in the current distribution landscape are built upon levels of up
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