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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