It was interesting to see that the IIB feels there is a need for an "audited" database for the wholesale market.

Subscribers to www.specialperils.com will know that last year we introduced the Brokers4Brokers link where the wholesale market is invited to include their facilities on a personalised basis. While the site is a very successful public facing b2b portal, this part has been passworded so as to prevent public access.

There are many advantages to the Brokers4Brokers extension:

  • Firms who do not normally advertise their facilities can do so on a targeted basis.

  • Entries can be up-dated daily, so that new schemes or alterations are almost immediately available to the market.

  • Defunct schemes can be removed immediately, thus avoiding the waste of time at both ends in dealing with enquiries.

  • Powerful email marketing facility which can be used to notify brokers of any special offers or new schemes which may become available.

  • Negligible costs for all concerned.

    • Our facilities are completely independent of any outside source, we merely "tell it how it is" so there will be no bias to any one organisation. The site is totally dedicated to brokers in the commercial market and is completely independent of any other outside influence. It is a brokers' site, designed and funded by brokers entirely for the brokers' market.

    As for the IIB's call for an "audited" database, aren't there enough regulations already? Every audit costs money and is usually a duplication of what has gone before. A responsible broker will identify and research the market he/she wishes to use and likewise the "wholesaler" with potential business producers.

    Company and financial information will be in the public domain, so let's get back to selling insurance and leave the FSA to do what it has been charged to do by the politicians (whether we like it or not).

    Anthony Hall
    Managing director
    Specialperils.com

    Letters intended for publication should be sent to: Insurance Times, 30 Cannon Street, London, EC4M 6YJ, or emailed to
    letters@instimes.co.uk , or faxed to : 020 7618 3499

    Topics