4 Insurance Company CEOs in Debate: "Money Goes From Those Who Lost to Those Who Will Lose"

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At the annual conference of the Eilat Insurance Agents' Association, Ronen Agassi, CEO of Migdal, attacked the agents' problematic compensation model, which encourages transferring clients between savings institutions every few years. Yoram Naveh, CEO of Clal, added: "There is excessive mobility compared to what is common in the world. The result is harm to savers. The industry is a bit out of balance." In response, Harel CEO Nir Cohen claimed: …