Wholesale channel not more costly than retail: Conning

In a P&C insurance sector that is seeing significant structural
change, there has been much discussion about removing links in the
distribution chain and the potential for disintermediation.
But in a report commissioned by Napslo, Conning's research
arm has concluded that wholesale distribution does not increase the
cost of the transaction to the insured.
The study found that the total non-loss cost ratio for a
composite of wholesale companies with $19bn in premium was 1
percentage point low