Opinion: Jamie Marchant on the dangers of dual pricing

Jamie Marchant

The backlash against dual pricing might finally be gaining momentum, says Jamie Marchant

During my time at Groupama we sponsored a quarterly sentiment survey for this very publication. Brokers across the UK were polled for views on key industry topics. Concerns with market pricing appeared often. But the related issue that generated heaviest criticism was insurers’ dual pricing.

Wind forward six years and we have moved from broker unrest in the trade press to national media and consumer campaigns that undermine customer confidence and demolish trust in the industry. 

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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