ABI proposals could ‘complicate’ broker market

money-piggy-bank-v2

Brokers have warned that the Association of British Insurers' (ABI) plans to make insurers publish the previous year's prices for motor and home insurance next to renewal quotes could complicate the broker market.

The ABI's proposal followed a survey which showed that 89% of respondents would find it helpful to see the previous year's prices against renewal quotes.

Michael Lawrence, personal lines director at LV, said: "LV welcomes any proposal to improve renewal information for customers

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: