NIG waits on imarket in light of broker apathy

NIG will wait for greater broker interest to surface before it finally commits to imarket partnership

NIG has indicated it will not join imarket's insurer panel until more brokers are registered, and compared the industry-wide initiative to the "chicken and egg" dilemma.

The insurer revealed that it is currently holding regular discussions with Polaris with a view to joining the six strong imarket insurer panel, which includes Axa, Norwich Union (NU) and Royal & SunAlliance (RSA) but has been put off committing to the initiative due to lack of broker support.

Derek Gibbons, head of broker support

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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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