Online road to transparency

Over the last few months I have discussed the impact that technology is having on product design in the investment funds industry. However, the distribution mechanisms of the insurance industry is a sector of the market that is arguably in even greater need of change. Competition has made little impact, with providers often battling it out on the basis of commission levels rather than on the basis of administration, investment performance and product loadings. There is little doubt that insurance products have traditionally carried greater complexity and needed more rigorous administrativ...