The FSA has released a consultation paper, CP192, clarifying the fees that will apply to insurers who act as intermediaries and to brokers who receive payments other than fees or commission from insurers.
Under the FSA's system, the level of application and annual fees is based on volume of business, measured by annual commission and fee income.
CP192 sets out a method for calculating a notional income figure for businesses that do not generate commission in the normal way, and for creating a notional commission figure for insurers who sell their own products direct. These will determine into which of the FSA's proposed fee blocks a company will fall.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
