The folks at Willis Group, parent company of Willis HRH, are hoping to promote the brokerage’s decision not to accept contingent commissions, using a new media campaign and website to argue that its competitors who do accept the payments are “conflict-prone.”
Willis Group Holdings Ltd., the global insurance broker, plans to change its incorporation from Bermuda to Ireland, a move it says will benefit it economically and competitively.
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.