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Fun facts:
So, insurance brokers we visit to renew our insurance are paid a commission on the basic and then additional commission on additional coverage. The avg policy will pay the agent around 100-140 dollars in commission.
Why is online renewal not a thing? The agents literally do nothing but check, checkboxes on ICBC's web portal and hand you a sticker. Why is this worth 140 in commissions when ICBC is running at a loss every single year? There are 3.7 registered cars in BC. Take 3.7m and multiply that by $140. 518m in fees.
It's 2019. Why can't I do this online and have ICBC mail me the $2,000 sticker and we skip the middle man and save everyone 140 bucks in bs fees. Good for the consumer, good for Icbc's bottom line.
I can renew my gun license online with a picture I took of myself taking a shit. RCMP mails me my licenses and I can go online and buy a shotgun and have Canada post deliver it to my door.
I can't get a fucking sticker once a year without having to go through a broker?
Why is this a thing?
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