BIBA urges insurers to reconsider commission cuts.
Axa Insurance may back down over its planned cuts to standard rates of commission, following a meeti...
Axa Insurance may back down over its planned cuts to standard ratesof commission, following a meeting with the British Insurance Brokers'
Association.
As revealed in last month's Professional Broking, Axa had intended to
slash commission rates on certain liability and motor classes in February
2002. Following an announcement from Avon that it too intended to make
cuts, BIBA has been visiting its partner insurers, urging them to look at
alternative means of reducing costs. Among the suggestions
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