CINCINNATI, OH–(Marketwire – Jan 27, 2012) – Contingent commission payouts are estimated to be 12% higher in 2012 than 2011 based on a study of agency compensation and management practices at property-casualty insurance companies conducted by Ward Group. The firm specializes in the insurance industry and is the leading provider of benchmarking and best practices research. The comprehensive study focused on commission practices, agent incentives and other agency management practices and includes aggregated results from 2010 and 2011 for a diverse group of 69 companies. Independent agency companies represented 78% of the participants. Key findings and observations were presented to participants in a webinar hosted by Ward Group, on January 26, 2012.
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