#BIBA2014 sparks fly in panel debate
BIBA 2014’s opening debate was punctuated by a moment of contrition, as panellists and audience rounded on the industry’s reputation as portrayed by the media. In a [...]
Insurance Brokers
BIBA calls time on rising regulatory fees
The British Insurance Brokers' Association (BIBA) warned MPs and Lords today that its members' cost of doing business had risen far beyond rival countries and must be brought under control. BIBA unveiled initial findings of its regulation research today, declaring that insurance brokers in the UK have the most expensive regulatory regime in the world, with regulatory fees and levies costing more than five times those in New York, Japan, France and Germany. [...]
Bike insurer Bennetts claims 9% penetration with own social network
Specialist motorcycle insurance broker Bennetts has been praised by Google for its success in using social networks to drive customer interaction. The company, which manages [...]
Four regulatory headaches for insurance brokers
By Stephen Netherway, Partner at CMS Cameron McKenna The first half of 2013 has heralded a number of important changes to the regulatory and legal framework for UK insurance [...]
Insurers and brokers told to ‘ask the right questions’ by Ombudsman
Insurers and other distributors given wake up call on non-disclosure by Financial Ombudsman Service after complaints rise 60%. By Ralph Savage The Financial Ombudsman Service [...]
Westminster should probe comparison sites
If yesterday’s hearing at the House of Commons Environment select committee on floods proved anything, it is that they must include comparison web sites and major [...]
FSCS levy hike hides real issue for brokers
The recent announcement by the FSA that it was to consult the market on proposed changes to the way the FSCS levy is administered has caused plenty of gnashing of teeth among [...]
Killing the joy in killjoy
If I was a broker, I wouldn’t be celebrating just yet – these conflicting statements do little more than make it clear that anything could come out of this review. The market is not out of the woods yet so I’d advise brokers to put away the party hats for now. [...]
