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How much are insurance buyers spending on brokerage services? Which industries pay more and what lines of business have the highest compensation paid as a percentage of premium? Are insurance buyers paying their brokers overall fees or commissions?
The 2018 Brokers’ Compensation Report answers these questions and more. Over the last 10 years, Advisen has been polling insurance buyers and brokers about their views on product offerings and compensation. The 2018 survey is the sixth leg of this benchmarking data collection initiative conducted in 2008, 2009, 2011, 2014 and 2016. The results provide a fascinating insight into the evolving broker compensation picture.
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