New distribution charges must be backed up with full transparency
As brokers continue to devise new initiatives to extract revenues from the underwriting process - such as paid access to management information and data analytics - transparent disclosure is the most effective way to address potential conflicts of interests, a panel at today's Xchanging London Market Conference agreed.
Lloyd's Market Association chief executive David Gittings said remuneration was just one of a number of issues that could give rise to conflicts of interest as brokers and carriers had increasing choice...
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