IIB to offer wholesaler check service in wake of Tribune
The Institute of Insurance Brokers (IIB) is set to publish status reports on schemes and facilities offered by wholesalers in the UK market.
In a letter to all insurance broking practices, IIB director general, Andrew Paddick said: "Unfortunately almost every year during the last few decades, a number of insurance schemes and facilities offered by wholesalers have failed to provide indemnity, or the cover anticipated, often leaving policyholders completely unprotected."The problem is that most brokers are not able to thoroughly check out the credentials of wholesalers before using them. Indeed, to do so properly, including an in
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