Agents Can Outsource RM Services
Increasingly, the hardening commercial insurance market is challenging agents and brokers to provide services to help their clients keep premiums affordable, losses to a minimum and regulatory authorities satisfied.
Renewal premium increases are more than the last several years combined. Clients who have suffered losses over the past year find it harder to get coverage. Carriers are more selective. Brokers fear losing clients who begin shopping around for a better price or coverage.
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