Dual pricing must end, demands broker

man-pound

Insurer and broker trade bodies have been urged to come to a formal agreement to encourage the consistent pricing of risks and to end the practice of dual pricing.

The call comes from Jerry Clayton, MD of LFC Insurance Group, who says he has had enough of losing out to rival brokers on the same risk with the same insurer through no fault of his own. In a letter to Insurance Age, he claims three insurers (QBE, Allianz and Groupama) have given him a no quote or a premium far in excess of the exist

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