Wharton Study Finds Agents, Brokers Play Critical Role in Buying Process
National News • June 8, 2005
Profit-based contingent commissions align the interests of independent agents and brokers and the insurer so that correct pricing of policies is achieved, thereby alleviating adverse selection, ...
Insurance Journal is not responsible for the content of the message below.
Subject: RE: RE: Wharton Study Biased Like All Industry Sponsored Stu
Posted On: June 10, 2005, 8:25 am CDT
Posted By: Don P
Comment:
First, you're missing the point, JPS...yes, industry supported studies tend to be strongly biased and unreliable with respect to obvectivity. Ask any researcher! Second, you should note that Deloitte Touche released a report today warning the insurance brokerage segment that they will face significant changes in the way they do business and the ways they are regulated if they can not agree among themselves on a way to avoid conflicts in compensation. The writing's on the wall...just that most of the industy sheep are simply following the herd (or the judas goat?)
Subject: RE: RE: Wharton Study Biased Like All Industry Sponsored Stu