Three's a crowd-pleaser

pic_4_gif

The use of third parties is on the increase among busy brokers. While this may generate impressive efficiencies, as Richard Saunders explains, compliance will be key if the potential of outsourcing in the industry is to be realised

Using a third party to undertake an intermediary's personal lines policy administration and customer contact appears to be growing in popularity as brokers review their strategies.

In particular, outsourcing personal lines business to a specialist operator can offer a broker real advantages, provided any potential outsource partner is chosen with care.

Many brokers will remember the days when outsourcing involved losing control of carefully built-up books of business. In so doing, brokers were

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 copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: