Heath Lambert has launched a 1% flat rate system of payment for work carried out on behalf of insurance companies.
The broker claims to be leading the broking sector by introducing the broker insurer services commission (BISC) system.
The commission is a flat rate payment for work undertaken on behalf of insurers and is levied at 1% of total premium throughput, it said.
The commisssion is said to be “totally transparent” to the insurance market, clients, regulators and industry bodies. It is also “fair and reasonable” and can be “consistently applied” across the insurance markets, Heath Lambert said.
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.
