Aviva warns brokers of panel withdrawal over premium finance

Warning sign

Brokers have been urged to be "suspicious" of Aviva's new stance within personal lines which states that the service Finance from Aviva "must be offered as an option" to clients.

Insurance Age has seen three documents, issued by the provider within the last few weeks, which demand that brokers offer Finance from Aviva as an option if it is available. 

In the documents Aviva has warned brokers that if its finance offering is not put forward, this will equate to a "breach" of its terms of business and "may lead us to withdrawing from your panel". 

It is understood that Aviva is currently the only insurer to insist on this.

Andrew Doman, chief executive of premium finance

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

Meet the MGA feature: Arc Legal 

Arc Legal CEO Lee Taylor outlines the value in having a supportive parent of the scale of AmTrust; and why it makes sense to keep an eye on legislation and social changes in order to innovate and develop new products.

Most read articles loading...

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: