News Analysis
Brokers fear rise in premiums after “collateral lie” ruling
Supreme Court ruling could “make everybody’s job more difficult” warn claims experts
AR review slams “significant shortcomings”
Brokers react to FCA’s findings that oversight of appointed representatives is not up to scratch
End to uncertainty over client money
Regulator cancels its review of client money rules, but brokers warned not to be complacent
Renewal rules add to burden on brokers
Change will be introduced as the market adjusts to Insurance Act and IPT increase
Enterprise collapse causes concern for brokers
Questions have been raised over how brokers can replace capacity
Industry divided over commission disclosure
Brokers call for “ultra-transparency” as ABI questions current market approaches
Brokers welcome swell in MGA numbers
Relative ease of setting up MGAs and promoting choice in market cited as reasons for increase
Are legal disputes between brokers on the up?
Market ponders apparent rise in the number of legal cases making it to court.
Motor market gears up for new NCD law
Brokers split over effect of new rules on no claims discount protection coming into force on 1 August
The ongoing problem of underinsurance
Experts reveal hope that the Insurance Act will help solve the industry-wide underinsurance issue
In or out? Time to decide over EU vote
With the referendum over the UK’s future in the EU looming, Insurance Age gauges how the European insurance community views the vote
Industry tackles Flood Re challenges
Brendan McCafferty hails scheme’s impact and promises further progress
Market split over Brexit referendum
Brokers take their sides although some complain of lack of information with EU vote looming
Allianz unveils new structure to make “brokers’ lives better”
Move broadly supported but market flags short-term concerns
Expertise from A-Z - Personal injury reform: Shaking up the compensation culture
Three years after reforms, the underlying problems with the compensation system are still prevalent. What can be done to provide tangible change?
Drone cover demand predicted to rise
The commercial market for drone insurance is ready to take off, with personal use following in its slipstream
Facing the future
Technology is changing the way brokers do business and how customers buy insurance, but is the broking world ready for big developments happening in FinTech? Insurance Age finds out
Broker Network hails new independence
Market welcomes Towergate selling its majority stake, but some have questioned aspects of the deal
Market dismayed by further IPT increase
Brokers describe tax rise to 10% as a “slap in the face” but support increased funding for flood defences
Demise of the high-street broker?
Swinton is closing 130 branches in response to changing customer behaviour, but many brokers believe there is still life in the high-street model.
Brokers battle over Brexit
Biba and most insurers back remaining in the EU, but would leaving benefit smaller brokers?
Brokers speak out on regulatory burden
MP reopens debate over the effect of increasing regulation on small brokers
Plugging into the network
Networks are becoming increasingly popular amongst brokers, but what are the advantages and pitfalls of joining up? Research by Insurance Age reveals the state of the market
Industry welcomes “regulation heavyweight” to FCA role
Insurers broadly applaud Andrew Bailey’s appointment to the top job at the FCA, but brokers express concern over the regulator’s promotion of an “establishment” figure