Brokers to see little change in revenues next year, Fitch says

12/9/2012 | PropertyCasualty360

Insurance brokers are unlikely to experience substantial revenue growth next year because of competition and global economic difficulties, according to a Fitch report that says the sector's earnings "are anticipated to remain relatively stable in 2013 with levels reported in the first nine months of 2012." Increasing premiums have not been accompanied by a significant increase in broker revenues this year, Fitch said. "This pricing trend appears sustainable into 2013, which should promote continued moderate growth going forward," the ratings firm said.

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