Trade body said it lobbied the regulator to exclude premium finance arrangements as payment deferrals would have left many brokers at greater risk.
Telematics broker said the new measures were designed to assist key workers.
Tim Bull and Richard Booth of RPC discuss whether claims may be brought against brokers for providing inadequate advice under the Covid-19 pandemic.
Insurance Age found that brokers are disappointed by the timing of the 3% rise, as well as anticipating an impact on the bottom line.
On demand insurtechs encourage incumbents to give back premium as it is predicted providers could save £1bn as claims plummet amid lockdown.
Regulator said fraudsters had used the details of authorised firms Tasker Insurance Brokers and QIC Europe to attempt to scam customers.
Simon Collings takes over the role from Mark Armitage, who retired at the end of March.
Blog: When is a consolidator, not a consolidator? The question Barton, Jelf and Reid’s Partners& hopes to answer
This week saw the launch of new broking business Partners&, bringing together a quintet of players to form a business which is positioning itself as distinctly anti-consolidator. Insurance Age content director Jonathan Swift looks at what this means; and…
Regulator also wants to increase the authorisation application fee for brokers from £1,500 to £2,500.
Stoke-on-Trent broker One Sure Insurance has bought the Wales broker which collapsed earlier this year.
Green Insurance Group has bought Brighton-based RT Williams Insurance Brokers and its appointed representative NIB Insurance Brokers.
Insurance Age finds out how James Murray, Leeds head of office at Gallagher, has adapted to changes in working practices amid the Covid-19 outbreak.
Phil Barton, alongside Stuart Reid and Chris Jelf, has formed the broker from MRIB and Independents, La Playa, CGI and Versatile, with initial £25m investment from Capital Z.
Covid-19: Brokers battle colossal workloads as they look to help customers change policies and maintain cover.
Insurance Age finds out how Suzy Middleton, deputy CEO of SEIB Insurance Brokers, has adapted to changes in working practices amid the Covid-19 outbreak.
The venture, which is a combination of five existing brokers - MRIB and Independents, La Playa, CGI and Versatile - is led by former Jelf boss Barton, with Chris Jelf as commercial director.
Mixed response as brokers mobilise to support clients through the coronavirus crisis as some are forced to furlough staff.
Insurance Age commissioning editor, Laurence Eastham, and news editor, Ida Axling, discuss the top stories of the week.
The Insurtech UK chairman and Wrisk executive chairman said the “mini meteorite” of Covid-19 has put insurtechs at risk of underfunding.
Mugge most recently worked at Ardonagh Group after moving across from Gallagher to Towergate in 2015.
Insurance Age finds out how Simon Mabb, managing director of Romero Insurance, has adapted to changes in working practices amid the Covid-19 outbreak.
Broking, underwriting and travel profits all fell, as the group renegotiates its loans to accommodate for lengthy travel suspensions.
With rates down and claims up, brokers are facing a new reality in the directors & officers market. Martin Friel reports
Insurance Age finds out how Peter Robinson, managing director of Prizm Solutions, has adapted to changes in working practices amid the Covid-19 outbreak.