Insurance Brokers

Insurance business insights, plus news and opinion for UK brokers, suppliers, law firms, claims companies etc.

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Insurance Brokers

BIBA calls time on rising regulatory fees

14 January 2014 alastair walker 0

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. […]

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Insurance Brokers

Bike insurer Bennetts claims 9% penetration with own social network

10 October 2013 alastair walker 0

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 a presence on all the usual open networks and has […]

Household Insurance

Westminster should probe comparison sites

27 February 2013 alastair walker 0

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 distributors within their probe. Aggregators’ low-fi approach to selling […]

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Insurance & Reinsurance

Killing the joy in killjoy

26 June 2012 alastair walker 0

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. […]

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Insurance & Reinsurance

BIBA to tell brokers commission disclosure is inevitable

11 May 2012 alastair walker 2

The British Insurance Brokers’ Association (BIBA) is warning brokers that the revision of the Insurance Mediation Directive (IMD) could result in both mandatory disclosure of commission for the insurance industry by 2019, and the potential […]

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Household Insurance

Update: Marsh UK flood cover has insurer backing

3 April 2012 alastair walker 0

Global broking group Marsh said its affordable flood insurance plan has “critical mass”, despite pessimism from one commentator today.

Marsh and its sister company Guy Carpenter announced ‘Project Noah’ which they claim can secure affordable flood insurance for at risk properties in the UK, only to have the idea chastised following a tweet from an Insurance Edge reader.