Regulation
What to do if you sell a client the wrong policy.
Q: I have just realised that I sold an inappropriate policy to one of my clients last year. What should I do to rectify the situation?
Attention to detail.
A merger or acquisition can be completed with seamless ease if the involved parties remember not to neglect the finer points. Ian Ritchie gets down to the nitty-gritty.
Commission under attack.
Brokers' commission is again under the spotlight, as Zurich becomes the latest insurer to cut back o...
Appointment at Benfield Group.
Independent reinsurance intermediary Benfield Group has appointed Charles Fry as chief financial off...
Grid Network offers help with FSA regulation.
Brokers can access insurance products and ensure they are working towards Financial Services Authori...
BIBA set to absorb the AIIB by the end of April.
The Association of Insurance Intermediaries and Brokers is set to join the British Insurance Brokers...
BIBA considers setting up virtual compliance network.
The British Insurance Brokers' Association is considering setting up a virtual compliance network to...
One step forward and two back.
The indecision over the establishment of general insurance regulation has left many out of pocket and there are concerns that the constant obstacles are preventing any progress in the market.
Young confirms plan to step down
Kevin Young, founder and chairman of the Creditors of Independent Insurance Group, has confirmed he i...
Motor claims tracked online with Claimsplus.
Claimsplus has launched an online service, allowing brokers' clients to track motor claims online. ...
Understanding implications of new terrorism exclusions in renewals.
Q: Brokers have begun to receive notification of renewal terms from insurers imposing terrorism exclusions to apply, in most cases, with effect from 1 January 2002. What do the wordings and impact of these exclusions mean?
FSA faces creditor negligence claims.
The Financial Services Authority's fitness to be a regulator is under scrutiny - just as the Governm...
Just what we all deserve?
The one result no one wanted, statutory regulation, is the one in store for the insurance industry and the main interest groups have only themselves to blame.
Extra maternity pay legislation on the horizon.
Q: I am aware that there is new legislation expected regarding maternity pay and the like. Can you please tell me exactly what will be included?
PMI working party created to increase product value.
A private medical insurance working party, aimed at designing more cost-effective products and impro...
AIIB produces handbook.
The Association of Insurance Intermediaries and Brokers has produced a staff handbook to help member...
Wellington venture.
Lloyd's insurer Wellington plans to establish a new London-based insurance company by the end of the...
Appointment at RL Davison.
RL Davison has made two appointments. James Ranson becomes the new chief accountant and will be resp...
Small commercial set for commoditisation.
Small commercial products are set to become increasingly commoditised, according to attendees at the...
EU regulation directive to have massive impact.
Professional Broking recently hosted a round table event, inviting insurers to share their views on the future of the broker market. Diane Smyth reports on the issues raised.
No place like home.
Confidence in the travel industry is at a low ebb after the US terrorist attacks, with many wary about going abroad and opting to stay in the UK instead. Rachel Gordon explores the industry's reaction.
Sampson makes the case for healthcare involvement.
General insurance brokers should move into the healthcare market, according to Andy Sampson, head of...
N2 presents mixed blessing for brokers.
N2 - the official launch of the Financial Services Authority as the sole regulator for the financial...
BIBA urges insurers to reconsider commission cuts.
Axa Insurance may back down over its planned cuts to standard rates of commission, following a meeti...