NU Online News Service, May 19, 3:00 p.m.EDT--The International Federation of Risk and InsuranceManagement Associations released a position paper today regardingthe role of the broker from the perspective of risk managers.
IFRIMA's position is that the business model established bybrokers and insurers has not provided enough flexibility forappropriate brokerage services for small, medium, and largeaccounts.
Susan Meltzer, IFRIMA president, and assistant vice president ofRisk Management at Sun Life Financial in Ontario, Canada, said thatthe IFRIMA board of directors in 2004 determined it would publish awhite paper defining the role of the broker with respect to riskmanagement accounts.
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