BofA flags over $15 billion of US broker commissions at risk from AI disintermediation
BofA Securities estimates more than $15 billion of U.S. insurance agent and broker commissions tied to "low-complexity" business bear artificial intelligence disintermediation risk, warning that current valuations for publicly traded distributors do not appear to discount the threat.
BofA Securities estimates more than $15 billion of U.S. insurance agent and broker commissions tied to "low-complexity" business bear artificial intelligence disintermediation risk, warning that current valuations for publicly traded distributors do not appear to discount the threat.
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