Reinsurance is pivotal to keeping insurers going in the wake of such as major insurable disasters as hurricanes and wildfires. This is where insurance professionals will find the information they need about the state of the insurance industry, managing risks, and how to navigate the most impactful events of our time.
Reinsurance brokers can no longer rely on the traditional means of commission compensation for placing risks, and must begin charging fees similar to other professionals billing for services, says a business professor studying the industry.
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