Five major insurance brokers will find it difficult to grow revenues through 2007, as they continue to be challenged by the soft market and making adjustments to life without contingent commissions, say financial analysts.
A research report issued by David Small and Brandon Young of Bear Stearns said insurance brokers will be faced with a "challenging operating environment" over the next 12 to 18 months.
The soft market will impact organic revenue growth coupled with diminished increases in the southeast from the hard property market. They said they also expect intense competition among the brokers and pricing discipline to continue to remain issues.
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