Insurance Brokers

Robin Wood explores a potential regulatory conflict of interest, and the steps brokers should consider to protect their business and fulfil their duty to clients.

Terence Clark provides an overview of a recent National Cyber Security Centre (NCSC) report and its implications for brokers with regards to the procedures in place to protect clients and comply with the fifth Threshold Condition of a sustainable and viable business model.

Business Manager, Peter Stokes, chats about his role within RWA and where he sees the future for our clients and us as a company.

RWA has been made aware that the FCA has begun invoicing most general insurance brokers with regards to a Financial Services Compensation Scheme (FSCS) supplementary levy.

RWA provides support services to a significant portion of the UK's GI broker sector. Having been at the forefront of GI sector consultancy for over 25 years, we have sadly come to terms with an increasing number of personal tragedies and crises arising through no fault of brokers, which serves to highlight the essential role of succession planning and why it is vital that every broker has a plan in place.

What would happen if a professional body or trade association covered up nefarious or improper behaviour by members or officers of that organisation?

Firms can only manage risks if they become aware that they exist. 

Every firm in the UK should be aware of the regulatory changes that are on the horizon, which will require every broker to have a suitable and demonstrable Training & Competence Scheme.

New government legislation will require organisations with 250 employees or more to provide a gender pay gap report by 30 March 2018. Kate Foreman, director of people and learning at RWA, provides an overview of the gender pay gap and why it is particularly relevant in the insurance sector.

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