Under closer examination
The effect of regulation on the cost and profile of primary and secondary intermediaries' professional indemnity cover is a moot point. Vicky Fisher offers a PI insurers' perspective
Only an insurance intermediary based on a remote island with no newspaper, radio or television contact could fail to be aware that, from 14 January 2005, they will be regulated by the Financial Services Authority.
Impending FSA regulation has caused considerable concern in the industry.
In a recent survey, 17% of brokers cited regulation as their greatest challenge. Above all, this statistic reflects just how worried brokers are about the application process and their ability to comply with the
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