Median Insurance has strengthened its specialist brokerage division to meet a 30% increased demand this year from lenders and financial institutions for additional insurance-related support.
The company, a division of Lloyd's broker Monument UK, is set to develop niche product lines, audit existing programmes - such as products and delivery channels - and manage tender processes.
Charles Coburn, Median co-founder, said: "The FSA's regulation of general insurance since January 2005 has led to an increased focus on the role of general insurance in the mortgage process. While this is industry-led, consumers seem to be responding positively too, which is further driving the demand for our services”.
