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News analysis: Dual pricing debate rolls on

dual pricing

Brokers look at fixed pricing as research shows vulnerable customers affected more by loyalty penalty

Brokers have criticised the practice of dual pricing and questioned why this model still exists in the insurance industry.

Dual pricing returned to the headlines last September when Citizens Advice slammed the practice of overcharging loyal customers. The national charity lodged a super-complaint with the Competition and Markets Authority (CMA) and insurance was one of five industries listed as culprits.

Mark Bower-Dyke, chairman of Be Wiser, stated that renewal premiums should be lower rather

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Ageas UK GWP jumps as Esure deal flows in

Ageas has posted a 72% hike in gross written premiums in the UK to €1.42bn (£1.21bn) for the first half of the year as the takeovers of Esure and Saga’s underwriter Acromas Insurance Company continued to kick in.

Meet the MGA: Lumara

Having helped set-up one MGA in Arista two decades ago, Lumara CEO David Aslin explains why he is going again, seeking to be a top three partner with its brokers through a combination of expertise, flexible products and agency exclusivity.

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