Commission disclosure

Reportage - FSCS redress: Speak now...

Colin Darnell gives practical advice on how brokers can act to mitigate the significantly increased FSCS levy as well as potentially help shape future funding arrangements.

Editor's comment - November 2010

Brokers love a bit of commission don't they? And why not? They work hard and put up with a lot of hassle and jumping through insurer hoops to get it. It's how the market is geared to remunerate brokers, but outsiders have always looked upon the structure…

Agenda: Commission disclosure

The European Union (EU) is now putting together its consultation paper on a revised Insurance Mediation Directive and this will include their views on commission disclosure.

Broker claims debate: Giving credit where it's due

Credit-hire organisations step in to provide replacement vehicles to not at fault drivers when insurers fail to serve their needs. Unsurprisingly, the relationship between the two industries has always been tense. Edward Murray asks where brokers fit in…

Viewpoint: The pros and cons of commission disclosure

Evolution Underwriting CEO Paul Upton evaluates the pros and cons of commission disclosure for large and small brokers as the transparency of the current model comes under scrutiny by professionals in the US and the UK as well as by the European…

Willis steps up contingent commission campaign

Willis Group Holdings has stepped up its campaign against contingent commissions by distributing a third-party white paper written by law firm Edwards Angell Palmer & Dodge detailing what Willis describes as "the conflicts of interest created by the…

The PB interview - Bill Cooper: Bright light in the gloom

Andrew Tjaardstra meets Bill Cooper, managing director for insurance in the financial institutions division at Lloyds TSB Corporate Markets. Despite being cautious about prospects for brokers as the UK's economic malaise continues, the firm is very much…

Agenda: Pricing strategies

The UK commercial insurance market is worth about £15bn and there has been little change in its overall size since 2002. In 2001-2002, the market increased by 75% reversing years of losses into a platform for a long period of profitability. In the…

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