Insurers Have Cut Products, Workers, Costs. Are Commissions Next?
February 3, 2021 by Warren S. Hersch
Wink CEO Sheryl Moore says she’s not seeing reductions. A couple of carriers have, to the contrary, offered “commission specials,” such as an additional payout — say, 0.50% more for 45 days — to encourage agents to sell a particular product.
Cuts in commissions, to the extent they’re happening, may be limited to one product from a single carrier they do business with, says Moore.