The weight of disclosure
With insurers and consolidators pointing their fingers at each other over the continually rising rates of commission being by paid by insurers, is it inevitable that the regulator will have to step in, asks Marcus Alcock
Fingers at the ready, your starter for ten: what do you get if you cross a soft market with the rise of the super-brokers, the consolidators? Answer: hefty commission levels. Ask any major insurer and you will find that they are paying considerably more commission at the moment to the likes of Jelf or Towergate than they have been previously, with annual hikes of three or four per cent not uncommon. Conditions are soft, yet it seems that the current power of the consolidators is costing
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