Brokers face shift in balance of power

scales-broker-balance

New Act moves the focus in consumer insurance, but is the industry ready?

In less than two months’ time, the Consumer Insurance (Disclosure and Representations) Act 2012 is set to come into force.

On 6 April 2013 the century-old balance of power between insurers and their clients will profoundly shift – and brokers will be caught right in the middle of this newfound relationship.

In personal lines with the replacement of the Marine Insurance Act 1906, customers will no longer be duty bound to volunteer all the necessary information. Instead, the onus is on brokers to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: