Axa teams up with Aon for IFA PI cover
Axa Commercial lines has partnered with Aon Risk Solutions to provide professional indemnity (PI) insurance for Independent Financial Advisers (IFA) in the UK.
The insurer has given Aon limited delegation of authority and the broker will bind and issue documentation.
According to Aon, its market research found that IFAs were frustrated by the length of time they spent filling in proposal forms, the limited number of options available to them for PI insurance and that the market will consolidate further with the impact from the Retail Distribution Review.
The broker claimed the new product, which will be distributed through a dedicated sales team and
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 print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Cost-of-living crisis pushes up premium finance demand
- Video Q&A: Close Brothers Premium Finance MD Shaun Hooper
- Ardonagh strikes A$2.3bn PSC deal