The need for brokers to find alternative income sources
The second part of Insurance Age’s Power hour discussion on construction tackles the ability of brokers to create extra revenue streams.
As the construction industry has struggled to emerge from the recession, it has become more necessary for businesses operating in related sectors to find new and different ways of generating income.
For the insurance companies involved in the construction market, a number of factors have contributed to this scenario.
Not only are fewer building projects occurring (although there are signs of resurgence in the sector) but investment activity has suffered too.
Banks are unwilling to put up the
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