Broker Expo: FCA pricing scrutiny provides opportunity for brokers
LV’s Mike Crane stresses that recent regulatory focus is not all bad news for the enterprising broker.
The recent announcement from the Financial Conduct Authority (FCA) expressing its concerns around insurance pricing practices should act as a “wake up call” for brokers and insurers according to Mike Crane, MD of LV Broker.
Speaking at Insurance Age’s Broker Expo in Coventry, Crane admitted that the report made for a “pretty uncomfortable read” but added that the regulatory focus provided a massive opportunity for brokers to differentiate themselves in the market.
Crane said that by focusing
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