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Hanging on the telephone

Research has revealed that, since Financial Services Authority rules were applied to insurers' phone transactions, the average conversation with a call centre now lasts two minutes longer than it used to. Stephanie Denton investigates

In January this year, a 'mystery shopper' survey conducted on insurance call centres revealed that companies that had changed their call structures to comply with Financial Services Authority

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FCA and PRA turn spotlight on MGA oversight

The Financial Conduct Authority and Prudential Regulation Authority are sharpening their scrutiny of managing general agents, stressing insurers must take primary responsibility for businesses underwriting on their behalf.

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