Author: Louise Meeson
Source: Insurance Age | 19 May 2010
Categories: Broker
Tags: FSA | Professional Indemity - do not use | Start ups | Westinsure
Westinsure Broker Alliance has launched a new service which aims to help new start-up brokers through the process of launching and growing their own businesses.
Working alongside compliance consultants RWA Group, Westinsure is currently advising 10 start-up brokers based in locations across the UK to guide them through the Financial Services Authority (FSA) application process and compliance requirements.
Other services include guidance with business plans, obtaining professional indemnity insurance, deciding on systems and help obtaining agencies for both composite and niche markets.
Max Hardman, CEO of Westinsure said: “We regularly receive requests from new start-up brokers and have supported a number of companies to start trading for the first time. At the start of this year, and despite the economic conditions, we received more requests than ever. This gave us the incentive to launch this bespoke service, offering our experience and expertise to industry newcomers.
“This interest suggests to us that the Westinsure business model continues to be successful for all types of insurance broker and it is positive news for the industry that there is new life coming into the broker market.”
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