Insurance Age - 2010-11-02

Agenda: Commission disclosure

The European Union (EU) is now putting together its consultation paper on a revised Insurance Mediation Directive and this will include their views on commission disclosure.

Editor's comment - November 2010

Brokers love a bit of commission don't they? And why not? They work hard and put up with a lot of hassle and jumping through insurer hoops to get it. It's how the market is geared to remunerate brokers, but outsiders have always looked upon the structure…

Power hour: Giving something back

With the Government's introduction of the Big Society concept and public spending review, it is clear the private sector will need to step up its support of communities. This month's roundtable explores how the insurance industry should contribute…

Apollo-CVC offer accepted

Brit Insurance has agreed a cash offer from Apollo Management and CVC Capital partners in a deal valued at about £888m, which will result in shareholders receiving up to £11 a share.

Reportage - High net worth: Because they're worth it

HNW was once the preserve of specialist brokers and insurers but there has recently been an increase in this type of business being transacted online. Louise Meeson asks if HNW clients and their prized possessions can really be taken care of without…

Broker profile: Broking in a warzone

William Wakeham is worlds apart from the average Insurance Age reader. Martin Friel profiles the life of a broker working in Iraq as he risks car bombs, mortars and bullets in his bid to crack the Middle Eastern market

News review: October

The founder and chairman of direct insurer Esure, Peter Wood, revealed that 2014 would be the earliest date that the company would launch an initial public offering.

Viewpoint: Time to put things right

With poor motor results continuously dismissed as being due to external factors, David Vine asks why insurers choose to ignore the evidence that would enable accurate pricing and, in turn, profit.

Reportage - FSCS redress: Speak now...

Colin Darnell gives practical advice on how brokers can act to mitigate the significantly increased FSCS levy as well as potentially help shape future funding arrangements.

Upping FOS compensation could ruin small brokers

The Financial Services Authority's (FSA) proposal to increase the maximum level of Financial Ombudsman Service (FOS) compensation to £150,000 may force small brokers out of business, legal experts have warned.

Product launch: Axa Art pledges speedy service

High-net-worth insurer Axa Art Insurance has committed itself to providing a maximum 24-hour turnaround time when it comes to quoting on new broker business, upon receiving all the necessary information.