Insurers say they’re ‘no longer going to be an insurance broker’ slideshare

Insurers have a few ways to manage their reinsurance business.They can sell the reinsurance to their insurance broker.They could buy the reins, and then sell it back to the broker.Or they could buy a reinsurance company.Or both.Insurers will likely be more interested in the latter, and there are some big advantages to it.The key to

Federal government should be wary of new rules for reinsurance intermediaries

It’s hard to imagine a better way to kill the insurance industry than to roll back its efforts to regulate insurance companies.That’s because a new federal regulation will impose new restrictions on the activities of insurance intermediaries, which are widely used by big insurers to protect themselves against lawsuits from consumers.But it also threatens the

How do you make money as an intermediary service?

By 2020, intermediaries will make up almost half of all retail customers and their revenues will exceed those of traditional retailers by 2020, according to a study by the National Association of Reinsurance Institutions (NARII).The research, commissioned by NARII and released on Monday, predicts that by 2020 intermediaries could make $1.2 trillion in revenue, up

How to Get Your Credit Card Debt Downgraded for a Lower Rate of InterestAxios title The biggest risks in your credit card debtAxios

Axios article The credit card industry has been struggling with its own debt crisis for years, as companies have been trying to find ways to cut costs and boost profitability while also maintaining their customers’ faith in them.A new report from Credit Karma shows that the credit card sector may be heading into an even

How is your insurance company’s insurance broker working?

As of July 1, 2017, there were over 9,000 insurance companies offering a wide range of services to the insurance industry, according to data from the National Association of Insurance Commissioners (NAIC).The NAIC classifies insurance companies into three categories, which can be grouped into two categories: the “low risk” insurance industry and the “high risk”

What you need to know about the ACA’s reinsurance intermediary service agreements

What you’re about to read could be the first sign of a big change in the way the government handles reinsurance payments for insurers and other intermediaries.For decades, reinsurance intermediaries have gotten preferential treatment over reinsurers, meaning that the government pays them much more than reinsurers do.The last major reform, which was passed in 2010,

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