Shedding the Light on Insurance Brokers’ Remuneration: the Role of the Fees
The academic literature analyzed the way insurance brokers are compensated and different theoretical models, discussing the tradeoff between commissions and fees-based compensation system, have been developed. However, an ethical lens through which those systems are applied is still lacking in extan...
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| Tipo de documento: | artigo |
| Data de publicação: | 2015 |
| País: | España |
| Recursos: | Universidad Católica de Valencia San Vicente Mártir |
| Repositório: | RIUCV. Repositorio de la Universidad Católica de Valencia San Vicente Mártir |
| Idioma: | inglês |
| OAI Identifier: | oai:riucv.ucv.es:20.500.12466/4137 |
| Acesso em linha: | http://hdl.handle.net/20.500.12466/4137 |
| Access Level: | Acceso aberto |
| Palavra-chave: | Commissions Fees Honorarios Remuneración bróker de seguros Estudio caso español Comportamiento oportunista Insurance broker remuneration Spanish case study Opportunistic behaviors Comisiones 5307.13 Teoría de la Inversión 53 Ciencias Económicas |
| Resumo: | The academic literature analyzed the way insurance brokers are compensated and different theoretical models, discussing the tradeoff between commissions and fees-based compensation system, have been developed. However, an ethical lens through which those systems are applied is still lacking in extant literature. To close this gap, in this manuscript we concentrate on fees and propose to the fore some practical examples brokers and customers may face. These examples, set in the Spanish market (which allows both commissions and fees), are used to discuss the role of fees in contexts where unethical behaviors may occur. |
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