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BIBA: commission disclosure doesn't need FSA regulation

In answer to the FSA forensic review of commission disclosure, the British Insurance Brokers' Association said: "It is our view that greater transparency for commercial customers can be achieved by the market of its own accord and we do not need further regulatory intervention.

Let us not forget that there is little if any evidence of commercial customers asking for this information and that currently the process is as transparent as the customer wants it to be.

This is the

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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