Search found 4 matches

by RNR_Risk
Tue Jun 23, 2020 10:53 am
Forum: Opinions
Topic: What's the most challenging part?
Replies: 2
Views: 22730

Re: What's the most challenging part?

Speaking solely for myself (of course) - biggest challenges include... - Selling products (personal & commercial lines) that are almost completely commoditized makes it hard for a broker to focus on value he/she brings and reduces the risk management process to a simple auction. - The basic syst...
by RNR_Risk
Mon Jul 30, 2007 11:19 am
Forum: Opinions
Topic: main determing factors --> insurance industry
Replies: 12
Views: 5637

What a good question for everyone to think about. Most responders, I think, unfortunately missed the interesting idea and just responded with thoughts on what impacts their own world. Think of insurance as a simple process described by 3 parameters - "amount of money in", "return on m...
by RNR_Risk
Thu Feb 02, 2006 11:36 am
Forum: Opinions
Topic: Agents - Your Clients Don’t Trust You
Replies: 57
Views: 39084

Commission vs fees

Thanks guys. I love it! I work both as a broker and a consultant. I always give the client the choice and I encourage a consulting arrangement (fee for service) precisely because - as Scott correctly points out - there is an inherent conflict of interest in accepting commission from insurers while r...
by RNR_Risk
Wed Nov 10, 2004 1:40 pm
Forum: Opinions
Topic: Anti-competitive / Anti-trust
Replies: 11
Views: 6475

The fact that insurance premiums exhibit cyclical behavior certainly is no evidence of collusion or conspiracy. And, though I understand why insurers might favor "tort reform" (a phrase loaded with ideological baggage), if I'm a broker, why would I care (unless its just that old Republican...