The British Insurance coverage Brokers’ Affiliation has launched a information at its 2024 convention designed to assist demystify the fee mannequin.
The publication goals to help customers and companies perceive the advantages to them of the fee mannequin. The commerce physique argued it’ll assist dispel solutions that commissions ought to be eliminated or capped.
We created this publication as a result of we predict it is very important give our members steering on explaining the benefits of the fee mannequin and what it represents when it comes to the work brokers do for purchasers through the lifetime of their coverage.Alastair Blundell, Biba’s head of normal
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