Friday, February 17, 2017

'Migratory actuary' Prevent ... Soybean fee structure needs reform



[Korea gimmingyeong financial newspaper reporter] mandated 'migratory insurance agents' recruitment to career surge in the number of queries the system as a result of the customer inconvenience, this improvement was suggested improvements, such as excessive upfront fee structure.

According to the 17th National Assembly Legislation "issues and future challenges of migratory actuary's josacheo report by the end of last year during the deregistration person one years in 2014 the company (including a reseller) to move three or more times a person has a total 10 000 6547 people It was found to be up to 20.3% of the personnel.

Frequent turnover of insurance agents is incomplete sales is greater concern, such as the so-called mass' orphan contract. Goa contract refers to a contract that is not a management turnover, including recruitment and retirement of the insurance agents. Some of these while moving the production company and the impact of insurance consumers, such as sales commissions and earnings chaenggineun to terminate the existing contract and lead to new business for their clients.

In fact, the first half of last year based on incomplete insurance sales channel sales are reportedly the highest in the 0.58% 'GA channels.

These migratory agents are primarily taking place in appearance between insurers and agents (GA) occurs in the liver, but the competition process, excellent designers compete to attract and recent GA and GA rapidly growing insurance, or GA.

Josacheo this legislation is about "to build a number of architects moving, imperfect system of compulsory sales history, etc. Enter the information inquiry system of recruitment experience that you can look up the history of the designers need 'and naenwatda proposals.

Also suggests pointed out the need to improve the high fees of the major causes of a particular insurance company to mass-produce goods migratory actuary.

Kim, Chang - Ho Parliament legislative josacheo legislative investigator said "May there is a need to improve the initial fees to agents in a certain amount limit pay premiums year to pay for insurance recruitment allowance '' a system that pays the most commission within 1 years as today improving mandatory partial payments over a period of time and the recruitment allowance is also necessary to set the ratio each year, he said.



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