Q. What is the purpose of commission or remuneration in the insurance industry?

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Q. How are insurance products typically distributed to customers?

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Q. What is the purpose of a band-wise commission structure?

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Q. How can insurers use commission structure to control withdrawal risk?

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Q. How are persistency targets related to commission structure?

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Q. What is the purpose of claw-back terms in commission agreements?

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Q. How do regulations impact commission rates in the insurance industry?

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Q. What is the long-term benefit of lower commission rates, lower premiums, and higher sales?

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Q. Why is past experience with commission rates for existing products important in determining new commission rates?

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Q. How does the desired profitability target influence commission rates?

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Q. Why is it important for actuaries to strike a balance between distributor satisfaction and policyholder value for money?

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Q. How do higher commission rates impact premium and sales volume in the insurance industry?

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Q. How do commission rates vary between single premium and regular premium products?

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Q. What might happen if an insurance company offers significantly lower commission rates than its competitors?

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Q. Why is it important for insurance companies to consider the commission rates offered by competitors?

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Q. How do insurance companies typically adjust commission rates based on the complexity of insurance products?

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Q. What is a key factor influencing the determination of commission rates for insurance distributors?

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Q. What are some of the services for which distributors have to provide after-sales support?

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Q. Why are distributors paid commission in the insurance industry?

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Q. What is renewal commission?

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