CII 930 Practice Questions - Advanced Insurance Broking (930) Exam

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A corporate broker handles a portfolio generating £5,000,000 in gross written premium (GWP) at an average commission rate of 15%. If the client transitions to a fee agreement of £600,000 per year and the broker remits net premiums to insurers, what is the net revenue change for the broker?

Decrease of £150,000 Increase of £150,000 Increase of £60,000 No change in total revenue

Correct Answer:

Decrease of £150,000

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