Brokers lose out as banks flex their home insurance muscle
Intermediaries are increasingly losing home insurance market share to banks and building societies, ...
Intermediaries are increasingly losing home insurance market share to banks and building societies, a new report has revealed.
Home Insurance in the UK, compiled by Defaqto, states the trend is set to continue, particularly if Financial Services Authority regulation in the long-term drives small brokers and intermediaries out of business.
Together, the Royal Bank of Scotland and Halifax Bank of Scotland groups already insure 43% of the UK household market, with 7.7 million policies out of a total
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