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17 May 2012

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Airmic seeks automatic and mandatory broker remuneration disclosure

18 May 2009

Airmic (the association of insurance and risk managers) has published its own guidelines for commercial insurance buyers in their dealings with brokers, calling for automatic, mandatory disclosure of the source and amount of any broker's remuneration.

The association's document replaces its original "questions for brokers" produced in 2004 in response to the Spitzer investigations.

In April Airmic gave a qualified welcome to the FSA-approved industry guidance drawn up by Biba, Liiba, the IIB and the ABI, which fell short of...


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