Agents, Insurers and Bankers Disagree
Monday, November 29th, 1999 Life & Health Risk ManagementToday, the doors are open for banks to enter the insurance industry. How will this new environment affect agents and brokers and insurance companies? Will banks be successful in their bid to claim a piece of the insurance industry pie? A winter 1999 CPCU Journal article addresses these questions, and reveals the results of a survey of banks, agents and brokers, and insurance companies, regarding their opinions on banks in insurance. “Ready or Not, Here They Come: Banks in the Property and Casualty Insurance Marketplace,” by Employers Reinsurance Corp’s Gary Butler, CPCU and Jason Mostofsky, also includes the results of a consumer survey on the topic, and ways that insurance companies, agents and brokers, and banks can compete successfully in the new marketplace.
