Definicja brokerage (ICM)

Remuneration for an insurance broker for arranging and/ or managing insurance contracts.

Brokerage is different from acquisition commission in that it is paid each year as a fixed percentage of the premium or other base amount throughout the whole life of the insurance contract. It is paid out for as long as the insurance contract is valid, the policyholder pays the premiums, and the insurance broker manages the contract as agreed with the insurance company.