Insurance Brokers’ behaviour: the effect of policy collection on management decisions

Authors

  • Miguel Ángel Latorre Guillem Catholic University of Valencia “San Vicente Mártir”

DOI:

https://doi.org/10.37467/revhuman.v11.4035

Keywords:

Insurance Broker, Operating Performance, Collecting Premium, Risk Coverage, Deferring the Payment, Regression model, Sizes and Sales

Abstract

Spanish legislation on insurance and reinsurance mediation stipulates that intermediary can only receive commissions and fees for the management of their policies and prohibits any other form of remuneration. However, it is possible that financial intermediaries who manage larger risks wait until the end of the legal deadline to settle with insurance companies. This common practice in the insurance market hides additional remuneration in defiance of the law. It also means that the risk is not covered within the prescribed period and would, involve a commercial payment to the client, and, on the other hand, affect sustainable claims management.

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Published

2022-12-15

How to Cite

Latorre Guillem, M. Ángel . (2022). Insurance Brokers’ behaviour: the effect of policy collection on management decisions. HUMAN REVIEW. International Humanities Review Revista Internacional De Humanidades, 13(3), 1–10. https://doi.org/10.37467/revhuman.v11.4035

Issue

Vol. 13 No. 3 (2022): Monograph: "Contributions to Modern Teaching"

Section

Research Articles (Special Issue)

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