NU Online News Service, May 19, 3:00 p.m. EDT--The International Federation of Risk and Insurance Management Associations released a position paper today regarding the role of the broker from the perspective of risk managers.
IFRIMA's position is that the business model established by brokers and insurers has not provided enough flexibility for appropriate brokerage services for small, medium, and large accounts.
Susan Meltzer, IFRIMA president, and assistant vice president of Risk Management at Sun Life Financial in Ontario, Canada, said that the IFRIMA board of directors in 2004 determined it would publish a white paper defining the role of the broker with respect to risk management accounts.
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