AXA Commercial Lines wants to favour chartered brokers with trading and service benefits.

The insurer will be holding talks to help define what the advantages will be.

AXA Commercial Lines commercial director Alasdair Stewart said: “As a chartered insurer, we believe that the huge effort that these brokers have made to achieve chartered status and help transform our industry into a profession deserves special recognition."

Chartered Insurance Institute (CII) director of financial services and insurance markets Steve Jenkins said: “Both customers and peers recognise chartered status as a tangible commitment to the highest standards of professionalism. The CII applauds new initiatives like this that seek not only to promote, but also recognise, professionalism within our sector.”

AXA Commercial Lines will also found a Chartered Advisory Group, supported by the CII, to discuss issues including ethical behaviours, qualifications and professionalism.