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

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What is a primary strategic driver for an independent commercial insurance broker adopting a fee-for-service model instead of traditional brokerage commission?

To eliminate all FCA regulatory oversight regarding client money under CASS 5. To align compensation directly with advisory value and eliminate revenue volatility tied to soft underwriting market cycles. To automatically transfer client claims liability directly onto the broker's balance sheet. To guarantee that insurers will provide 100% indemnity without policy excesses.

Correct Answer:

To align compensation directly with advisory value and eliminate revenue volatility tied to soft underwriting market cycles.

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