Ageas, Allianz and Axa work together on Biba risk transfer plan
Three of the largest insurers are collaborating with the British Insurance Brokers' Association on a plan to mitigate the "administrative nightmare"” proposed by the Financial Services Authority on risk transfer and client money.
Post understands that Ageas, Allianz and Axa are helping Biba develop a system to allow insurers to audit risk transfer funds held by brokers and enable unconditional risk transfer to be offered.
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