Insurance brokers are not expected to make any great strides in their earnings in 2013 as competition and continued world economic challenges will leave little room for improvement, says Fitch Ratings.
In a report released yesterday titled “2013 Outlook: U.S. Insurance Broker Industry,” Fitch says revenues and earnings for U.S. insurance brokers “are anticipated to remain relatively stable in 2013 with levels reported in the first nine months of 2012.”
Fitch says the current operating performance and earnings strength supports its current ratings.
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