Bankers and insurance agents, whose trade groups have clashed for years over who has the right to sell insurance, are suddenly calling for detente.

In a survey of 2,339 bankers and agents, respondents said the industries are passing up profit opportunities because they have been unable to defuse tensions. They estimated that profits from insurance sales through banks could rise as much as 15% if the industries would cooperate.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.