Credit where credit's due
Dissatisfaction with the price-cutting and costs structure of the intermediary channel is leading some credit insurers to consider becoming direct sellers; but, says Gordon Cessford, they should recognise the essential role brokers play in this market
For the credit insurance industry, the past three years have seen unprecedented economic and political difficulties, affecting claims and loss ratios. A stock market in the doldrums has devalued investments and threatened financial stability, making it difficult to cement reinsurance contracts.
The broker channel is starting to appear increasingly unattractive to some of the major credit insurance providers, with some high-profile figures in the industry apparently wondering whether a direct
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
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop