News Analysis
E-broking 2011: the rise of online trading
Get ready for increased e-trading, panel tells brokers at inaugural Insurance Age E-broking event
Brokers call for clear risk transfer policy
Biba 2011 delegates demand FSA and ABI devise rules governing brokers’ handling of client money.
Is this the end of insurer love affair with MGAs?
Market flux fuels speculation over managing general agents sector
Clarification needed on credit write-backs
Insurer inconsistency over payment of credit write-backs is frustrating brokers
Dual pricing must end, demands broker
Broker claims three cases cost his firm £35,000
Brokers divided over trade body union
Small independent brokers fear their voice will be lost in the crowd if Biba and IIB merger comes off.
RSA buys into calm waters of marine
Insurer snaps up pleasure craft specialist despite softening marine sector
Law change leaves brokers unsure of role
Brokers fear increased burden if Consumer Insurance Bill passes into law.
E-broking: keep your business in touch
The event that will demonstrate how to get the most out of e-broking
Brokers unconvinved by signs of market hardening
Lone suggestion that the commercial market could be on the cusp of changing is dismissed by rest of market.
FSCS pledges to target insurers in the wake of High Court PPI ruling
The Financial Services Compensation Scheme’s (FSCS) confirmation that it will pursue recoveries from insurers involved in the mis-selling of payment protection insurance (PPI) has triggered debate over where the responsibility for the whole debacle…
FSA fines set to treble, brokers warned
Two new regulators formed from splitting the FSA could compete to set the highest fines
Blanc sheet for new Axa appointments
After several high-profile departures at Axa Commercial, what do two new hires mean for the insurer?
Rocketing motor premiums put telematics back on the agenda
Brokers could regain market-share, as reports reveal 40% price increase
EL faces year without online processing
“If insurers make this mandatory, this could effectively stop e-trading [in this sector] altogether” – Simon Ronaldson, Acturis
Trade credit insurance changes may leave brokers open to attack
Measures to widen cover available to UK businesses exporting to non-OECD countries could give brokers familiar with the changes a chance to poach clients
Ruling forces rethink over ash cloud payouts
Ombudsman rules that insurers remain liable for payouts to passengers left stranded by ash cloud
Line blurred between mid corporate and SME
Lack of clear distinction between SMEs and mid corporates has led to an overcrowded sector
Jon Dye: what have you done for brokers lately?
From expanding Allianz Retail’s motor offering and setting up an online comparison service to trying to out-sing Gio Compario, Jon Dye tells us what he’s been up to.
Government under fire over before the event myth
Legal expenses insurers (LEI) have slammed the government for creating the myth that before the event (BTE) legal protection can fill the gap left by the changes which will result from Lord Justice Jackson’s recommendations.
ABI demand to ban referral fees may prove to be futile
The Association of British Insurers may have wasted energy in its attempts to ban referral fees as new legislation on the horizon could see these fees “self regulate” without the need for any kind of mandate.
Brokers are facing fallout from the Retail Distribution Review
Impact on IFAs of commission rules could see local communities suffer
Is 2011 set to be the year of the start-up or the consolidator?
The news that Towergate had lost a pre-action disclosure application in the High Court and been ordered to pay £17,000 in costs to Lorica Insurance Brokers came shortly after the announcement that the consolidator’s deal with Advent had created a £90m…
Cuts to HSE inspection regime offer an opportunity for brokers
A paper from the Department for Work and Pensions (DWP) has confirmed that the Health and Safety Executive (HSE) will be reducing its proactive inspections by one third, a cut of approximately 11,000 inspections per year.