Professionalism: The industry could become a profession almost overnight

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Chartered broker Roy Blackburn has commented that the insurance “industry” could become a profession almost overnight, although he doubts this will happen.

Mr Blackburn's statement came in response to Axa commercial lines and personal intermediary CEO Amanda Blanc's comments that chartered status was "far, far more than a simple badge".

He wrote: "I am all for the insurance industry becoming a profession. Chartered status is an excellent vehicle for this but as it is voluntary there will always be many, for a variety of legitimate reasons, who will not wish to become chartered."

According to Mr Blackburn the situation will mean the insuring public

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