BrokerFest 2021: Regulation bar will be ‘a lot higher’ for brokers selling to SMEs

BrokerFest Panel 1 - regulation

Industry experts predict more regulation to be incoming around insurance for SMEs as the regulator wants these firms to be treated ‘like personal lines customers’

The FCA wants to treat SME businesses “like personal lines customers”, so regulation standards are “going to be a lot higher for people selling commercial policies to smaller organisations”, according to Phil Bayles, chief commercial officer at Ardonagh Advisory.

Read more…

(If you’re already a subscriber, please sign in here.)

Get access with a 14-day free trial

This article is usually available exclusively to subscribers.

Subscribe for full access - Take out a print and online or online only subscription

For a limited period, you can enjoy all the benefits of an online subscription free for 14 days. Sign up now to read this article in full and to enjoy unlimited access to premium online content, a digital edition of the latest issue, plus an online archive of back issues.

Also, as a registered user, you will be able to -

  • Access unlimited breaking industry news as it happens
  • Sign up to a choice of daily and weekly newsletters

Register to view free premium content