Opinion: Ant Gould on transparency, broker ownership and conflicts of interest
While most in insurance manage to avoid potential conflicts of interest, more transparency can only be a good thing, says Ant Gould
Conflicts of interest arise at the best of times in the world of insurance broking.
In my mind it is partly due to the very nature of commission – after all, the broker is in effect being paid by an insurer.
The existence of different insurance company commission strategies, volume-style deals and access conditions reflect this relationship. As an aside, I have the same queasy feeling when it comes to loss adjusters, where the issue of independence can seem to be a bit opaque from the outside
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- JMG strikes its biggest deal of 2024 with BQI swoop
- Pen inks £150m social housing capacity deal with SiriusPoint
- In Depth: Managing cyber risk in an ever-changing security landscape