KGM pledges commitment to brokers
KGM Motor Insurance, a specialist provider of motor insurance products to niche markets, has pledged its support to its broker partners by revealing that it will be absorbing recent increases in costs applied across the market by Open GI following a review of EDI transactions.
Active Underwriter Colin Hart commened: “While we weren’t surprised to see Open GI up its costs, we were disappointed at the level of the increase applied. We are extremely conscious, however, of the potential impact any increase in the costs faced by our supporting brokers could have on their businesses during not only challenging economic conditions but also a highly competitive marketplace. After careful review, we have decided not to pass on any rise in cost either by way of a base rate
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