Delegated authority agreements: What are the red flags and long-term fixes?
Delegated authority agreements have become a staple for many insurers. Insurance Times takes a look at the pitfalls to be wary of, the questions insurers should be asking and how to ensure these arrangements are successful
Despite the overall success of delegated authority arrangements, Andrew Schütte, partner at Keoghs, still sees examples of where these agreements go wrong, primarily because “it’s human nature not to be as careful with someone else’s money as you would be with your own”.
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