Financial brokers earn 80% of income from selling insurance policies

Financial brokers earned almost 80% of their income from selling insurance policies last year, central bank NBS data show. They received €290m in commissions for non-life insurance, €271m for life insurance and €79m for selling loans. Fees from deposits (+77%) and loans (+40%) grew the fastest. Lump-sum investments made through brokers jumped 80% to €1.8bn, and clients paid them €15.3m for investment advice. The market has 371 licensed firms, with the TOP5 holding a 37% share of revenue. Market leader Finportal posted revenue of €75m, followed by OVB (€66m) and Respect Slovakia (€55m).

(forbes.sk)