Product roundup: MMA reveals home truths about retendering
MMA’s research into brokers and schemes makes for interesting reading, revealing as it does that brokers’ main reason for changing the holding insurer of a scheme is the promise of more commission. The study also reveals that the most frequent time to retender a scheme is every three years.
Any broker either reaching the apparent three-year barrier, or upset by poor service – which 43% of brokers polled cited as a reason for re-tendering a scheme – may wish to read the views of Allianz’s Simon McGinn before they take the plunge.
Like MMA, another provider seeking the thoughts of brokers has been Exeter Family Friendly. Since late 2010 it has been canvassing the views of private medical insurance intermediaries ahead of the launch of Health Choices For Me. The insurer hopes the
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