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Review of the year: October 2018

Review of the Year 2017 - October

Dual pricing – the “crack cocaine” of insurance - was the headline article of the month for brokers.

We take a look at the top five stories that got brokers talking in October 2018.

Dual pricing – the “crack cocaine” of insurance
“Dual pricing is like crack cocaine. Once you get into it and use it then it’s almost impossible to wean yourself off of it. Every single player in the market is hooked on crack cocaine,” Ian Hughes, chief executive of Consumer Intelligence told Insurance Age. The comments followed the Citizens Advice super complaint to the Competition and Markets Authority (CMA)

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End of Year Review 2025: Gambit Insurance Solutions’ Ajay Mistry

Founder and director of Gambit Insurance Solutions and co-Chair of iCAN Ajay Mistry believes small brokers need to be more assertive in the soft market and predicts at least one insurer will launch a product in which over 80% of the commercial underwriting workflow is transparently AI-driven.

Ex-Jensten duo to launch SME MGA with Mission

Managing General Agent incubator Mission has announced that it has reached an agreement to support a new team in launching Kovrilo, a UK MGA that will provide a range of commercial insurance products tailored to SME clients.

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