Expanding European horizons
A recent EU directive has paved the way for independent brokers in Europe. However, while true uniformity may not be realised for some time, opportunities are emerging, as Nicolle Farthing reports
Last year, the Insurance Mediation Directive put in place the regulatory framework to enable brokers to do business throughout the European Union from 14 January 2005. However, despite the IMD promise of a level playing-field in Europe for independent brokers, many will find that obstacles to trading remain, according to Howard Pearson, retail division director at Miller Insurance.
"Efforts to harmonise legislation are a long way from being successful and uniform practices among brokers and
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