News analysis: Brokers can choose their commissions (to a point)
This year, brokers have been given the opportunity to choose their commissions by two insurers.
With Groupama and MMA providing some intriguing options for brokers, some are choosing as little as 0% to win business. The idea behind it is for a broker to be able to reach an agreeable price with customers and to charge a fee if they want, giving brokers more choice.
Malcolm Smith, commercial lines director at Groupama, said: "All classes of commercial have been available on our extranet since April, although some networks have asked us not to use it. It is not available on software houses
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