Independent insurance agents and brokers are concerned about the future of contingent commissions, according to a recent survey.
Channel Harvest Research and sponsored by Insurance Journal sponsored a survey conducted by Channel Harvest Research
The survey asked agents to rank five issues within the American Agency System in importance on a scale of 1 to 5. Most of the property and casualty agents made their priorities known:
–Loss of contingent commission (4.6 out of 5)
–Real-time technology (4.4)
–Agency branding (4.0)
–Internet sales (3.4)
–Reduced coverage in catastrophe-prone areas (3.3)
Source: insurancejournal.com