AIA-funded study says bonus system might stimulate competitive bidding
Contingency commissions, when administered properly, can actually benefit clients, say two academics from the Wharton school in Philadelphia, but an industry critic dismissed the report as "bogus."
In their report–"The Economics of Insurance Intermediaries"–Professors J. David Cummins and Neal A. Doherty, both with the Wharton School at the University of Pennsylvania in Philadelphia, contend that contingent commissions are not necessarily bad, and can benefit the industry.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
