Pressure is building on US insurance intermediaries to disclose all sources of broking revenue.

The Public Risk Management Association is the latest industry organisation to weigh into debate on the issue, calling for full and transparent disclosure from brokers.

“Complete transparency is the only way to maintain trust in the purchasing process,” according to the association, which represents risk managers in the public sector.

Its comments echo a similar statement by the Risk & Insurance Management Society earlier this month.

The New York State Insurance Department is currently preparing new disclosure regulations that demand brokers disclose commission in some cases.

Buyer representatives have criticised key concessions awarded by the department including the requirement for clients to raise the issue and the exclusion of renewal business.