Insurance news report shows consumers prefer agents

Insurance News

South Asian non-life customers still depend on professionals for their coverage needs. According to the latest international insurance news statistics regarding the commissions earned by individual agents from the first quarter of the 2011 fiscal year when compared to those of the first quarter of this year, the average has risen from 35 percent to 43 percent. This indicates a growing dependency from consumers on their agents. On a wider scale, there have been three channels of distribution, which include individual agents, corporate agents, and brokers. Together, these are the…

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