Insurance Review

Some advisers earning more than $750k per year

Friday 13th of May 2016

The research from NZIER was discussed by a panel in Auckland yesterday.

The report, Resetting life insurance, said insurers paid average commissions of $221 million per year on new business of $123 million per year over the period from 2012 to 2014.

Cutting the commission costs by 25% would initially cut premiums by 3.5%, which would increase to a saving of 6% over time.

Th...

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