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Insurance Brokers

L&G Tweaks Commission Payout Terms

17 May 2023 alastair walker 0

This looks like good news for brokers; Legal & General is returning its protection commission structure to the commission on policy authorisation model in response to feedback from its advisers and partners. From the 30th of […]

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News

Late Payments Growing, Says Trade Credit Specialist

3 April 2023 alastair walker 0

One of the UK’s largest trade credit insurers, Atradius, has reported a 79% increase in claims for late and failed payments in the food sector amid national supply shortages of products like eggs and some […]

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News

Small Traders Chasing 7K in Late Payments on Average

9 March 2023 alastair walker 0

New research from Direct Line business insurance reveals tradespeople are currently owed on average £6,984 which is past the due date for payment. Late payments are a longstanding issue and many tradespeople have had to […]

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News

Scams: Push Payment Fraud on The Rise, Says Cifas

14 February 2023 alastair walker 0

The latest fraud trends for you; As the cost of living crisis continues to take its toll on many households across the UK, people are falling victim to fraudsters. APP (Authorised Push Payment) fraud rose […]

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News

Atradius Gives Staff £1600 Cost of Living Payment

26 October 2022 alastair walker 0

Hats off to Atradius for this move during the early stages of the recession. It will be a practical help through the winter ahead for many households. The payment follows moves by Weslayan and Aviva, […]

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News

Weslayan Gives Staff £1000 Cost of Living Payment

24 October 2022 alastair walker 0

This move was announced last week and shows a growing trend across the insurance sector, with lower paid employees being given some help with the inflationary prices everyone faces at the pumps, in the shops […]

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Insurance Regulation

Funeral Payment Plans: FCA Refuses One Life Application

28 July 2022 alastair walker 0

Latest from the FCA; The FCA has issued a Decision Notice to One Life Funeral Planning Ltd (One Life) refusing the firm’s application for authorisation. One Life could not demonstrate that it was able to meet […]

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Opinion

Tracking Payments Can Help Prevent Insurance Fraud

15 July 2022 alastair walker 0

This Insights piece is by Leonie Belz, (pictured) Payments Product Manager at global payments platform, Vitesse. It looks at how more accurate, and real time data on payment transfers, can help insurance brands prevent fraud. […]

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