I thought this was a good task for the young brokers because I suspected regulation is an area which they haven't had much to do with in the past.
This first task was a good task for the final five to start with as it’s very much what they do every day: they see clients, ask questions, understand the clients’ needs and then (hopefully) offer the right insurance solutions.
As sure as night follows day, brokers' favourite regulatory cost is set to rise yet again.
January is over! That’s the number one reason to be cheerful today, and I’ve actually managed to find some more – and they’re insurance-related. Will wonders never cease?
Last Friday was brilliant.
It has been a week in which insurers have taken a real battering due to Monday's well-documented episode of Dispatches on Channel 4.
There comes a point over the festive period when the magic wears off. You’ve eaten too much turkey, ham and chocolate, seen a bit too much of certain family members, and Love Actually is on TV for the 243rd time.
Condiment is undoubtedly my favourite word.
Within the space of 10 minutes yesterday more than 350 jobs were effectively chopped.
The Motor Accident Solicitors Society has branded the IFB’s findings on crash for cash scams “astonishing”, and some of the figures really are shocking.
If your boss were to offer you £50,000 what would you do? Well, the correct action would of course be to resign.
Much hullaballoo has surrounded the FSA's proposed FSCS reforms, aka another broker stitch up.
With the new regulator fast approaching it seems that every week more and more news stories seem to be focusing on what will change for the insurance industry.
Since the Conservative-led Coalition came to power the focus has been on reducing the deficit. It is the prism through which every political decision has been refracted.
Good things come to those that wait.
You will all have seen the new Professionalism website Insurance Age launched this week.
Last Friday Ageas announced that it was in exclusive talks with Groupama about the UK business. The latter had been formally on the market since the start of this year and linked with pretty much every provider going, private equity and MBOs.
I'm afraid there's something I have to get off my chest.
So here we are again, in the midst of silly season.
There is nothing nice about brokers being hit for payment protection insurance mis-selling refunds.
During a week in which the Insurance Age newsdesk was largely consumed by the usual swathe of half-year financial results, one piece of broker bashing still struck a chord.
Olympic fever has the UK in its grip, and it’s becoming increasingly difficult to find a news story in the national press that isn’t somehow related to the games.
Time to assume the position brokers. That’s right the one where you hold a pen over the cheque book and write out a big number for the Financial Services Compensation Scheme.
Open your hands and lift your palms up to the light...