Commission disclosure
Brokers want service and commission for their schemes
Half of all UK brokers are managing various types of schemes and they want high commissions to keep it with one provider, according to a study.
Two insurance brokers banned by FSA
The Financial Services Authority (FSA) has banned two insurance brokers, Andrew Porter and Alexander Brincat, from working in the financial services industry and withdrawn the permissions of Mr Brincat’s insurance firm Wise Owl Services.
Survey finds falling profitability for brokers
The latest Confederation of British Industry/PwC quarterly survey on financial services has revealed that general insurance brokers expect their volume of business and income to fall in the next three months.
Bulletin from Bordeaux: Axa targeting 96% COR
In his second report from Axa's media conference in Bordeaux, Emmanuel Kenning reveals the insurer's plans for broker commissions.
Pruhealth slams "unsustainable" commission levels and unveils new model
PruHealth has adopted what it believes to be a more sustainable and transparent commission model.
Macmillan Sheikh hits ground running with two new schemes
Following its launch, Macmillan Sheikh has unveiled two further schemes designed to provide a range of insurance cover to the cleaning industry and tour operators.
Biba queries "misleading" survey on aggregator commission levels
The British Brokers’ Association (Biba) has questioned a recent YouGov survey which stated that the average commission taken by comparison sites stood at 24%.
Jon Dye: what have you done for brokers lately?
From expanding Allianz Retail’s motor offering and setting up an online comparison service to trying to out-sing Gio Compario, Jon Dye tells us what he’s been up to.
Groupama launches first product from "Exclusively" range
Groupama Insurances has created a series of specialist commercial insurance products for open market trading with supporting brokers.
Viewpoint - State of the industry: we really must be desperate
An anonymous view from the trenches offers a dose of reality about the state of UK commercial insurance.
And finally... what have you done for brokers lately?
Pushing into new sectors, listening to what they have to say and championing them on the small screen. Janice Deakin, tells us how she has been nurturing brokers.
Brokers are facing fallout from the Retail Distribution Review
Impact on IFAs of commission rules could see local communities suffer
Review: uncomplicated cover for specialist property risks
This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits.
Review: Business combined policy for metal manufacturers
This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits.
News analysis - regulation: increasingly oppressive FSCS costs could hamper recruitmentConcern that jobs may be lost as brokers struggle to foot rising bill
The recent increase of over 50% in the Financial Services Compensation Scheme (FSCS) levy for brokers has raised fears that it could cause redundancies in the industry.
The consolidator bubble: refunding lessons
Tony Cornell reflects on the problems of excess capital in the market and the effect on long-term growth.
Power hour - future of broking round table London: Talking heads
The biggest names in the industry come together to debate the key issues facing brokers at the moment, from regulation and rates to consolidation and distribution. Martin Friel reports.
Polly C - the hottest insurance gossip
The regulatory oar It's no secret that the regulator is taking a more intrusive approach to its duties but word has reached Polly that a number of larger broking firms have been receiving particular and rather costly attention.
IIB issues warning on IMD review
The Institute of Insurance Brokers (IIB) has flagged up its concerns that the Insurance Mediation Directive (IMD) review could result in mandatory commission disclosure.
Viewpoint: Changing tactics
The market is buzzing with talk about the introduction of variable commission on individual commercial policies. Malcolm Smith asks what the implications will be for brokers, insurers and policyholders.
Majority of firms ill-equipped to cope with new Bribery Act
Nearly two thirds of insurance firms are still not prepared for new anti-bribery legislation set to be enforced in April this year.
The interview: The charisma in compliance
When Steve White joined Biba in 2004, he brought with him a unique understanding of the application of FSA rules to insurance broking. He has since gone on to be crowned Compliance Personality of the Year 2010. Liz McMahon reports
Schemes news: Difficult medical conditions
Broker Crispin Speers has launched an online travel insurance product for travel agents aimed at offering cover for customers with difficult medical conditions.
UK General Insurance targets smaller brokers with launch of commercial property scheme
UK General Insurance has added to its smart schemes initiative with a tailored commercial property scheme targeting upwards of £150,000 gross written premium.