In February Aviva suggested brokers that use the e-trading platforms Quick Commerce and Acturis E-Commerce they might set their very own fee charges inside set parameters of between 0% and 35%. Saxon East explores what the transfer means for brokers, their prospects and the broader SME market.
Because the UK’s largest common insurer, Aviva used its advantageous energy in terms of negotiating commissions. Over time, this has seen it have some effectively publicised run-ins with bigger brokers trying to bolster their very own bargaining place together with World Threat Companions, now Brown & Brown Europe.
Whereas these wounds might have healed, no matter Aviva does appears to spark vigorous debate amongst intermediaries and the broader insurance coverage market.
And this was evident once more lately, when Insurance coverage
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