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Finding a way forward.

The hardening market means tough times ahead for insurance brokers but by keeping clients fully informed and adding value, retention can be achieved and rewards will be worthwhile.

Where do we go from here? A number of issues have conspired to ensure
that those of us involved in corporate insurance issues will be living 'in
interesting times' - to paraphrase the Chinese proverb - for the next few
months. I will not, however, dwell on the individual events, as they have
been well documented elsewhere.


The current - I hesitate to use the word end - result is the inevitable
knee-jerk reaction of insurers seeking commercially unsupportable premium
increases. In the next breath

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FCA proposes 1.4% fee rise for broker block

The Financial Conduct Authority is consulting on raising levies from brokers by 1.4% in 2026/27 – double its annual budget increase – as it also laid out its work programme going into the second year of its five-year strategy.

ManyPets confirms social media clone

Pet insurance managing general agent ManyPets has confirmed a customer was contacted by an X account impersonating its brand and has issued a warning on how increasingly convincing scammers can appear.

Aviva responds to Direct Line’s £10.6m fine

Aviva has confirmed it was fully aware of the ‘historical’ accounting errors that have led to the Prudent Regulation Authority hitting Direct Line Group with a £10.6m fine and stated there will be no impact on the integration or the financial benefits it expects from the takeover.

PRA fines Direct Line underwriter £10.6m

The Prudential Regulation Authority has fined UK Insurance Limited, a subsidiary and principal underwriter of Direct Line Group and now part of Aviva, £10.625m for a miscalculation of its Solvency II balance sheet during 2023 and 2024.

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