The number of insurance agents using claims download technology grew 165% over the last year, especially for commercial lines and online auto liability insurance verification, according to IVANS.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.