Analysis

Broker Scheme Focus: FCA test case result has ‘amplified’ impact on broker schemes

By 2020-10-06T12:07:00

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Insurance Times speaks to experts across the sector to find out how broker schemes will be affected by the recent test case verdict on the interpretation of business interruption policy wordings for Covid-19 claims

The business interruption test case verdict has sent shock waves across the insurance sector as those within the industry grapple with how to apply the ruling to their own wordings. This includes brokers that have partnered with insurers on broker schemes. The impact of the ruling on this niche in particular is “massive”, said Adam Harrison, business development manager at Aventus.

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