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Farewell to the four submissions

by

Serge Therrien

June 6, 2018 09:08

Christopher Johnson | Photo : Denis Méthot

Another major step forward Tuesday night in the parliamentary Committee of public Finance : the Government has abandoned the idea of requiring brokerage firms to four quotes from insurers in financial groups that are different to maintain the status of broker.

Now, to maintain its status, a broker must demonstrate that it owns three distribution contracts with insurers separate. The measure, which was passed yesterday evening, does not apply only in personal insurance, excluding the insurance segment of the business.

Christopher Johnson, president of the Regroupement des cabinets de courtage d’assurance du Québec (RCCAQ), rejoices in it with force. «There is no question to submit a given number of bids, a solution that would have increased the work of the broker «, a-t-he launched this morning in the Journal of the insurance. It is also seen as an avenue to further develop the role of the firms and launch them on the reconquest of the lost market share, to the benefit of insurers for years.

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