BANK-ASSURANCES RELATED OPERATOR ACTIVITY: RETRIBUTION FOR NON-OBJECTIVE ADVICE LA ACTIVIDAD DE LOS OPERADORES DE BANCA SEGUROS VINCULADOS: RETRIBUCION POR SU ASESORAMIENTO NO OBJETIVO

Miguel Angel Latorre Guillem

Revista Internacional Administracion & Finanzas, 2017, vol. 10, issue 3, 91-101

Abstract: This paper studies the system of remuneration for Bank-Assurances Related Operators regulated by Law 26/2006 of July 17 regarding mediation of private insurance and reinsurance. Banking channel commissions come from a non-objective advisory service. We provide, a comparative analysis of the Society of Insurance Brokerages, characterized by providing personalized advice service to their customers. We study evolution experienced by total volume of business and new production is contrasted to a portfolio of insurance products. The period analyzed extends from 2011 until 2014, for non-life insurance. The results suggest that clients, for the business of new production, perceives the advisory service provided by the broker. However, for portfolio policies, standardized insurance products and those products related to banking assets, consumers go utilize the banking channel

Keywords: Bank-Assurances Operators; Distribution Chanel; Non-Objective Advice; Non-Life Insurance; Commissions (search for similar items in EconPapers)
JEL-codes: G21 G22 G24 (search for similar items in EconPapers)
Date: 2017
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